New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    What is the main role of an insurance underwriter?

    A Paying claims Correct Answer Incorrect Answer
    B Assessing and pricing risks Correct Answer Incorrect Answer
    C Selling policies Correct Answer Incorrect Answer
    D Conducting market surveys Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Explanation: The correct answer is C. Assessing and pricing risks. Underwriters evaluate the risk associated with an insurance application and determine the appropriate premium to charge.

    Practice Next