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Underwriting 101

Horizontales
Severity claim risk is determined by industry, employee, and plan ____
2nd process in customer lifecycle
"Expected" component of the premium dollar
1st process in customer lifecycle
Ongoing ____ is the final process in the customer lifecycle
____ margin allows underwriting to adjust rates based on a communicated strategy by coverage
Underwriters require detailed information to be able to assess ____ stability of the group
Risk ____ is the review of industry, customer, plan, experience, broker, competition
Verticales
3rd process in customer lifecycle
Underwriters evaluate ____ based on customer and employee data
Underwriters rely on effective ____ with sales and operations
Underwriters rely on partners to provide ____ and quantitative data
Favorable fluctuation is called "Underwriting ____"
Determining the appropriate plan design is a primary responsibility of ____
Insurance is not a ____ product
To increase earnings, we can ____ premium and fees
Earnings = Revenue x ____
Historic information is use to predict future ____
New business underwriting utilizes ____information
____ margin is in reserves and expenses, and is not shared externally