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The term "underwriting" derives from the Lloyd's of London insurance market. Financial backers (or risk takers), who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
Following is a partial list of professional certifications in financial services, with an overview of the educational and continuing requirements for each; see Professional certification § Accountancy, auditing and finance and Category:Professional certification in finance for all articles.
Underwriter An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. [ 1 ] These risks can affect both sides of the balance sheet and require asset management , liability management, and valuation skills. [ 2 ]
Underwriting in life insurance is a detailed process that life insurance companies use to assess an applicant’s eligibility for coverage and determine the appropriate premium. This involves two ...
Chartered Life Underwriter: CLU: American College of Financial Services: Certified Fraud Examiner: CFE: Association of Certified Fraud Examiners: Certified Internal Auditor: CIA: Institute of Internal Auditors: Certification in Risk Management Assurance: CRMA Certified Government Auditing Professional CGAP Certified Payroll Professional: CPP ...
Credit is what the underwriter uses to review how well a borrower manages his or her current and prior debts. Usually documented by a credit report from each of the three credit bureaus, Equifax, Transunion and Experian, the credit report provides information such as credit scores, the borrower's current and past information about credit cards, loans, collections, repossession and foreclosures ...
A certification is a third-party attestation of an individual's level of knowledge or proficiency in a certain industry or profession. They are granted by authorities in the field, such as professional societies and universities, or by private certificate-granting agencies.
A qualified institutional buyer (QIB), in United States law and finance, is a purchaser of securities that is deemed financially sophisticated and is legally recognized by securities market regulators to need less protection from issuers than most public investors.