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Eliminating all errors will never be possible, but it is possible to eliminate predictable errors. (Photo: Bigstock) Eliminating all errors in underwriting will never be possible, but it is possible to eliminate predictable errors. (Photo: Bigstock)

The art of underwriting consists of several key elements. Among these are data gathering, analysis, decision making, and follow-up evaluation as accounts come up for renewal. It is at this point that the underwriter has the opportunity to identify errors made in the initial underwriting process and to correct them.

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