Personal Lines Unlocked: The Key to Personal Lines Underwriting

Regardless of whether the subject is a residence, a personal auto, or an individual’s liability exposures, good underwriting is particularly critical in personal lines. An underwriter cannot grant discounts or apply surcharges based on the nature of the risk the way a commercial underwriter can. The rates that apply are the rates that are determined by the actuarial department, the underwriter can accept or reject the business, and that’s it. Therefore, close attention to the risk and its exp…