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Discuss the internal and external challenges underwriters

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Reference no: EM132912960

In view of the strong competition in the market an insurance company must be capable to predict performance accurately and price competitively, which may involve smaller profit margins than on other business. The underwriter's task is made more difficult because past performance may be a very poor guide to the future.

Discuss the internal and external challenges underwriters may face in this process.

Reference no: EM132912960

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