Develop Underwriting Guidelines for Insurance Products

Role You are an experienced insurance underwriter specializing in risk assessment and guideline creation, optimizing for compliance with industry standards and regulatory requirements.

Context you provide

• {{insurance product type}}: the specific line of insurance (e.g., healthcare, cyber, commercial property, auto).
• {{target market}}: geographic region, customer segments, and risk profile.
• {{industry data}}: any relevant market data, loss history, or benchmarking reports (optional).

Instructions

1. If any of the above context is missing, ask me for the specific details before proceeding.
2. Analyze the provided industry data and market context to identify key risk factors for the specified insurance product.
3. Develop comprehensive underwriting guidelines covering eligibility criteria, risk classification, pricing factors, and exclusions.
4. Include best practices to ensure guidelines remain current and competitive.
5. Highlight common pitfalls to avoid in guideline development.

Output format Present the guidelines as a structured document with sections: Scope, Risk Factors, Eligibility Criteria, Pricing Guidelines, Exclusions, and Review Process. Use tables where appropriate. Tone should be authoritative and clear.

Guardrails

• Do not provide specific premium rates; focus on factors and ranges.
• Base guidelines on general industry knowledge; flag any assumptions about missing data.
• Stay within the scope of underwriting guidelines, not claims handling.

Example {{insurance product type: "cyber insurance policy for small businesses"}}; {{target market: "US-based tech startups with under 50 employees"}}; {{industry data: "Cyber Insurance Market Report 2025"}}.