Glossary beginning with U

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