When looked at this way it is clear that underwriting and underwriting fraud are activities that occur throughout the insurance life cycle from application to servicing, to claims and renewal. Information that is false affects the initial pricing of the policy but information that changes during the life of the policy also affects the profitability of the priced policy. Comprehending this evolving understanding of the risk enables underwriting to focus the insurer's claims and investigative units on the claims with the highest probability of fraud. This ongoing reassessment of risk based upon the latest available information is also essential for pricing at renewal. Thus it is critical that underwriters be able to identify places where the insured is presenting false information or where his intentions are not those represented regardless of what point the policy is in the insurance life cycle.
Needless to say this has significant implications for how insurers assess and act upon underwriting fraud. It is not sufficient to simply provide an information screening up front during pricing, it's also important to monitor the evolving risk of the policy and to ensure that other parts of the organization have the latest insights into the risk to productively focus their efforts.