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Anita, a new underwriting associate, has joined your company. You need to explain the role of an underwriter, the tools an underwriter uses and
Anita, a new underwriting associate, has joined your company. You need to explain the role of an underwriter, the tools an underwriter uses and how they are used. What will you tell her? She asks you to explain how the role of an actuary differs from that of an underwriter- how they both ensure that the conditions for rate adequacy are met. Please detail what you will tell her. After further discussion, you discover that Anita is an introvert and is happy to become an underwriter as she doesn't need to interact with many people apart from her reporting manager. Do you agree? Explain who Anita will need to maintain relationships with and why. 40 points.
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