Gourt > Computers > Software > Industry Specific > Insurance > Underwriting
In banking, underwriting is the detailed credit analysis preceding the granting of a loan, based on credit information furnished by the borrower, such as employment history, salary, and financial statements; publicly available information, such as the borrower's credit history, which is detailed in a credit report; and the lender's evaluation of the borrower's credit needs and ability to pay. Underwriting can also refer to the purchase of corporate bonds, commercial paper, Government securities, municipal general obligation bonds by a commercial bank or dealer bank for its own account, or for resale to investors. Bank underwriting of corporate securities is carried out through separate holding company affiliates, called Securities affiliates, or Section 20 affiliates.
Securities underwriting
Securities underwriting is a way of placing a newly issued security, such as stocks or bonds, with investors. A syndicate of banks (the lead-managers), underwrite the transaction, which means they have taken on the risk of distributing the securities. Should they not be able to find enough investors, then they end up holding some securities themselves. Underwriters make their income from the price difference, or underwriting spread, between the price they pay the issuer and what they collect from investors or from broker-dealers who buy portions of the offering. When a dealer bank purchases Treasury securities in a quarterly Treasury bond auction, it acts as underwriter and distributor. Treasury Securities purchased by a primary dealer are held in a dealer bank's trading account assets portfolio, and often resold to other banks, and to private investors.
League tables
Underwriting activity reported in Thomson Financial League Tables (*) (numbers in $ billion) (number of issues in parenthesis): More on [ Underwriting ]
Services capability. Check. Financing arm. Check.
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Anodas Software Limited - Offers Phoenix, full cycle underwriting system designed to significantly reduce the time taken to quote for and process personal and commercial lines business. Also offers third party administration.
Consilience Software - Offers an automated platform for insurance carriers which enforces underwriting rules and reduces application processing time. Also offers an automation suite for credit card issuers.
Meta Description: [ Consilience Software provides automated
underwriting solutions for medium to large insurance carriers, banks and local,
federal and state governments. Consilience Software's Maven product helps its clients
get fast return on their investments. ]
Eurobase International, Limited - A specialist provider of IT products and services to the insurance, reinsurance, and banking industries, globally. Products include Synergy, Siena and PRISM.
Meta Description: [ Eurobase provides software systems and solutions to the Insurance, Reinsurance and Banking industries, globally. Eurobase also provides IT Consultancy and IT Recruitment Services. ]
InsurancePort - Fulfillment system created to streamline the underwriting of homeowners and auto insurance. Offers product information.
PowerClaim PV - Insurance-to-value software for underwriters. Allows valuations of residential and agricultural properties. From Hawkins Research, Inc.
Meta Description: [ PowerClaim XML is the easiest to use and most affordable property insurance adjusting software on the market. ]
Professional Software Solutions - Providers of auditing tools for insurance underwriting. Offers product information and demonstration versions.
Tricast - Developers of data analysis, underwriting, rating, and management tools. Provides product information. [English, French]
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