Underwriting

The accep­tance of a parti­cu­lar tran­sac­tion risk by a bank or insu­rance company. Z. E.g. under­wri­ting decis­ion in insu­rance and reinsu­rance busi­ness. This also includes the review and assess­ment of (re)insurance risks, incl. the deter­mi­na­tion of an appro­priate premium.