In this blog post, you’ll get to know the underwriter for Assupol insurance company. Moreover, you’ll get to know the roles played by the underwriter in an insurance company.
Every insurance company has to have an underwriter. The underwriter plays a crucial role. If you are an Assupol policyholder, it is important to know the underwriter because you may need his or her services.
Before knowing Assupol’s underwriter, let’s look at who is an underwriter in an insurance company and roles.
Who is an underwriter
Any person that evaluates and assumes another party’s risk in exchange for a fee, which might take the form of a commission, premium, spread, or interest, is known as an underwriter.
Insurers use the term “underwriting” to describe the process of assessing risk and ensuring that the cost of coverage is proportional to the risks faced by the individual or organization.
Premium rates are the same or similar for people or groups who face the same or similar risks.
Many industries in the financial world rely on credible underwriters, such as the mortgage industry, insurance industry, and some typical types of debt security trading.
Obviously, book runner is a term used to describe someone who works as a primary underwriter.
Who is the underwriter for Assupol
If you have been looking for who is the Assupol underwriter, then she goes by the name Baleseng Magakwe. She is a Specialist: Quality Assurance in Underwriting at Assupol Holdings Limited.
Magakwe has over five years’ experience in Assupol Holdings Limited and was an Assupol underwriter from Feb 2021 to the Present Date.
Magakwe, a professional who evaluates and analyzes the risks involved in insuring people and assets, also establishes pricing for accepted insurable risks. Other roles she plays as Assupol underwriter are not limited;
Evaluate an insurance proposal to determine whether or not a policy will be granted.
- · Determining the policy’s premium based on the underlying risk
- · Obtaining further information, if necessary, before issuing the insurance to accurately estimate the risk.
- · Imposing coverage restrictions if the underlying risk is greater
- · Identifying the optimal coverage terms and premium rates at which the policy can be offered for the insurance firm to profit.