[[Actuarial Notes Wiki|Wiki]] / [[Exam 5 (CAS)]] / **Underwriting Changes** ## Definition ==Underwriting Changes== refer to modifications in risk selection, underwriting guidelines, or acceptance criteria that affect the quality and characteristics of the book of business. ## Examples - Tightened/loosened underwriting - New underwriting rules - Different risk appetite - Changed eligibility criteria - Modified pricing segmentation ## Impact on Reserving - Mix of business changes - Average risk quality shifts - Loss patterns may differ - Historical experience less relevant - May need separate analysis ## Related Concepts - [[Mix of Business#Definition]] - [[Policy Provision Changes#Definition]] ## References - Friedland, Chapter 1