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The views shared here are based on my observations from incident I faced, they not financial advice🙏🏼. Standard Bank Insurance Brokers (Pty) Ltd is an authorised financial services provider FSP 224. Product underwritten by Liberty Group Limited. Terms and conditions, risks and limitations apply. #standardbankinsurancebrokers #protectwhatmatters
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What is an underwriter and what does an underwriter do exactly? 👇 Underwriting is the process of accepting liability for loss or damages in exchange for payment of premium by the policyholder(s) The term underwriting goes waaaaay back before we had technology to make our lives easier. The risk-taker would physically sign or “underwrite” a contract that would indicate the amount of liability they would be willing to take on in exchange for payment from the policyholder. The practice traces its o
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