Workflow Templates: underwriting checklist

Verify personal details such as name, date of birth, and contact information.

Confirm accuracy of address and residency status.

Review employment history and current occupation.

Check credit history and financial stability.

Assess any previous insurance claims or policies.

Evaluate the applicant's health records and medical history.

Assess lifestyle factors such as smoking, alcohol consumption, and exercise habits.

Determine potential hazards related to the applicant's occupation or hobbies.

Analyze geographical risks based on the applicant's location.

Consider any legal or criminal background information.

Select appropriate coverage options based on risk assessment.

Confirm premium calculations and payment schedules.

Review policy exclusions and limitations.

Ensure compliance with regulatory and legal requirements.

Prepare and send the policy documents for applicant's review.

Gather additional information if necessary for decision-making.

Finalize underwriting decision and document rationale.

Obtain necessary approvals from underwriting management.

Communicate decision and policy details to the applicant.

Set up follow-up reminders for policy reviews and renewals.

underwriting checklist