Field Underwriting

Definition - What does Field Underwriting mean?

Field underwriting refers to the initial decision an insurance agent makes about a potential client’s ability to meet the insurer's underwriting requirements. The agent decides after performing an initial evaluation of the asset or person.

Insuranceopedia explains Field Underwriting

Besides increasing sales, field underwriting also serves as a way to prevent adverse selection. After gathering Information on the potential client and establishing the person can meet the underwriting requirements, the agent signs off on the insurance company’s acceptance to provide insurance coverage to the insured party. The agent also gets an opportunity to explain to the potential client what they are to expect from the insurance company so that realistic goals are set.

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