Which phase comes immediately after policy issuance in the insurance process?UnderwritingPremium collectionPolicy servicingClaim assessment

The phase that comes immediately after policy issuance in the insurance process is Policy servicing.

Explanation:

1. Policy Issuance: This is the step where the insurance company formally issues the policy document to the policyholder, confirming the coverage and terms of the insurance.

2. Policy Servicing: After a policy is issued, the insurer has to manage and service the policy throughout its life. This includes handling any changes made by the policyholder, addressing inquiries, and ensuring that the terms of the policy are upheld.

The other options typically occur before or during the issuance process:

• Underwriting involves evaluating risk and deciding on the terms of coverage before a policy is actually issued.
• Premium Collection usually happens concurrently with or immediately after policy issuance but is often part of the overall servicing.
• Claim Assessment occurs after a claim is filed, which is typically not immediate following the issuance of the policy.

So, the correct answer is Policy servicing.