Which of the following is not considered 'Transacting Insurance'?

Transacting insurance involves engaging in activities that contribute to the sale and administration of insurance policies. This includes solicitation of insurance, giving quotes and proposals to potential clients, and making changes to existing policies, such as endorsements.

Underwriting new business, however, is primarily an internal process undertaken by insurance companies to assess risk and determine the appropriate premium for coverage. While underwriting is essential in the insurance process, it does not fall under the direct transactional activities between agents and clients. Instead, it is more about evaluating and processing risks to inform the decision-making process related to new insurance applications.

Thus, the activity of underwriting is distinct from the direct interaction and transactional processes that involve engaging with customers, which is why it is the correct choice for an activity that is not considered 'Transacting Insurance.'