# 04 - Underwriting & Risk Management Algorithm

- [Introducing Dynamic Underwriting](/takadao-docs/part-b.-takadao-the-daos/04-underwriting-and-risk-management-algorithm/introducing-dynamic-underwriting.md)
- [Absence of capital providers](/takadao-docs/part-b.-takadao-the-daos/04-underwriting-and-risk-management-algorithm/introducing-dynamic-underwriting/absence-of-capital-providers.md)
- [Fluctuating reinsurance protection](/takadao-docs/part-b.-takadao-the-daos/04-underwriting-and-risk-management-algorithm/introducing-dynamic-underwriting/fluctuating-reinsurance-protection.md)
- [Using data in real time](/takadao-docs/part-b.-takadao-the-daos/04-underwriting-and-risk-management-algorithm/introducing-dynamic-underwriting/using-data-in-real-time.md)
- [Takadao dynamic underwriting: A closer look](/takadao-docs/part-b.-takadao-the-daos/04-underwriting-and-risk-management-algorithm/takadao-dynamic-underwriting-a-closer-look.md)
- [Risk and the Benefit Multiplier (BM)](/takadao-docs/part-b.-takadao-the-daos/04-underwriting-and-risk-management-algorithm/risk-and-the-benefit-multiplier-bm.md)
- [Individual risk and the Base Benefit Multiplier (B.BM)](/takadao-docs/part-b.-takadao-the-daos/04-underwriting-and-risk-management-algorithm/risk-and-the-benefit-multiplier-bm/individual-risk-and-the-base-benefit-multiplier-b.bm.md)
- [Portfolio risk and the Benefit Multiplier Adjuster (BM.A)](/takadao-docs/part-b.-takadao-the-daos/04-underwriting-and-risk-management-algorithm/risk-and-the-benefit-multiplier-bm/portfolio-risk-and-the-benefit-multiplier-adjuster-bm.a.md)
- [Dynamic Underwriting Reserves](/takadao-docs/part-b.-takadao-the-daos/04-underwriting-and-risk-management-algorithm/dynamic-underwriting-reserves.md)
- [Calculating the Benefit Multiplier Adjuster (BM.A)](/takadao-docs/part-b.-takadao-the-daos/04-underwriting-and-risk-management-algorithm/dynamic-underwriting-reserves/calculating-the-benefit-multiplier-adjuster-bm.a.md)
- [The Dynamic Reserve Ratio](/takadao-docs/part-b.-takadao-the-daos/04-underwriting-and-risk-management-algorithm/dynamic-underwriting-reserves/the-dynamic-reserve-ratio.md)
- [How underwriting surpluses are calculated](/takadao-docs/part-b.-takadao-the-daos/04-underwriting-and-risk-management-algorithm/dynamic-underwriting-reserves/how-underwriting-surpluses-are-calculated.md)