What is the term for the analysis of an applicant's personal information to determine insurance eligibility?

The term that refers to the analysis of an applicant's personal information to determine insurance eligibility is underwriting. Underwriting is a critical process in the insurance industry where an underwriter evaluates the information provided by an applicant, such as their health status, lifestyle choices, and other relevant personal details, to assess the risk involved in providing insurance coverage.

This evaluation helps the insurer decide whether to accept or reject the application. It also influences the terms and conditions of the policy, including premium amounts and coverage limits. By carefully analyzing the applicant’s information, underwriters aim to ensure that they issue policies that align with the company’s risk management strategies. This process is essential for maintaining the financial stability of the insurance company and ensuring that the premiums charged are adequate relative to the risk being underwritten.