Explaining the moral underwriting hazards

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Reference no: EM133037969

Problem: You are an underwriter for a motor insurer. A consumer policyholder, Manolo, has been insured with the insurer for a number of years and is 20 years claims free. He has recently requested a quotation for insurance on a newly registered car he wants to purchase. Manolo lives in an apartment in a town centre, so the car will be parked on the street. Although he has historically paid his premium instalments on time, his last two instalments were paid late. Identify, with justification, three physical and two moral underwriting hazards you would take into account, when providing this insurance quotation.

Reference no: EM133037969

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