Glossary beginning with U

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U Recommendation: a recommendation of PFSA concerning good practices in scope of bancassurance.
underwriting: the process of selecting and groupifying risks declared for insurance to estimate and accept, according to suitable terms and conditions, or reject an insurance risk.
Underwriting: Process of selecting and classifying risks declared for insurance to estimate and accept, according to suitable terms and conditions, or reject an insurance risk.
unit-fund: fund related to life insurance where the investment risk is borne by the policyholders