Underwriting is a term used by Life Insurance companies to describe the process of assessing the risk of insuring an individual. This process typically includes various questionnaires, medical tests and doctors reports. Note that in this context the term Underwriting, and the the concept of the Underwriter of an Insurance Provider, refer to two very different things. Click here to read about Triarc's Underwriter.
The desired outcome of the underwriting process is to calculate a premium that is proportionate to the perceived risks the individual will bring.
In some cases the insurer may decline an individual if the perceived risk is deemed too high.