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We recently gave Peter the opportunity to attended an insightful webinar on the Basics of Underwriting that NAMIC provides for everyone to stay educated! Here are some key takeaways: 🔹Evaluating Insurable Loss Exposures: Understanding potential risks and exposures is crucial. 🔹Accepting or Rejecting Submitted Loss Exposures: Critical decisions to ensure a profitable portfolio. 🔹Classifying Accepted Risks: Proper risk classification helps in accurate rate and premium determination. 🔹Rate and Premium Determination: Ensuring rates are both competitive and sufficient to cover potential losses. ➡️Ultimately, the goal is to serve customers profitably while maintaining an equitable risk transfer. This helps insurers develop and maintain a profitable book of business, benefiting underwriters, agents, and carriers alike. Click the link below for more ways to stay informed! https://lnkd.in/e3txrBWt . . . . . #Underwriting #Insurance #RiskManagement #NAMIC National Association of Mutual Insurance Companies (NAMIC)

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