Underwriting Process Quotes

When I purchased my home, it was very strict underwriting standards. I had to provide two pay stubs, two years' tax returns, three months of bank statements, all sorts of credit card information.

Underwriting is probably the smallest part of our business.

Human life is proverbially uncertain; few things are more certain than the solvency of a life-insurance company.

Let's look at lending, where they're using big data for the credit side. And it's just credit data enhanced, by the way, which we do, too. It's nothing mystical. But they're very good at reducing the pain points. They can underwrite it quicker using - I'm just going to call it big data, for lack of a better term: "Why does it take two weeks? Why can't you do it in 15 minutes?"

I prefer to underwrite. Simple, clear as a country creek.

There are only two things as complicated as insurance accounting and I have no idea what they are.

The life insurance industry is filled with good people who believe in their work and their companies, but who may never have challenged the assumptions underlying their efforts.

Life insurance can be numbingly complicated. Clients often turn off their brains and surrender their judgment to the very agent or planner who brought on their coma in the first place.

The life insurance policies advertised on the radio with the line "You cannot be turned down for this coverage!" are actually saying, "For policies this small, it would cost us more to decide whom to turn down than simply to accept everybody - and make them pay through the nose."