What is the term for using preestablished criteria to find acceptable types of business for an insurance company?

The term for using preestablished criteria to identify acceptable types of business for an insurance company is field underwriting. This process involves evaluating risks based on specific guidelines that the insurance company has set. Underwriters use these criteria to determine the insurability of a particular risk and to decide which applications should be accepted based on the company's standards.

Field underwriting ensures that insurance companies maintain their risk portfolios at acceptable levels and adhere to their underwriting guidelines. It helps insurers identify which businesses align with their risk appetite and ensures responsible risk management.

In contrast, risk assessment pertains to the evaluation of potential hazards and liabilities associated with a specific risk, while premium rating refers to the process of determining appropriate premiums based on the level of risk presented. Market analysis, on the other hand, focuses on researching and understanding the competitive landscape and demand for insurance products, rather than evaluating individual risks for acceptance.