YOU ASK:
What is the definition of Premiums Written?
WE ANSWER:
Premiums written refer to the total amount of premiums on policies that are in the insurance company's books at a given point in time. These include all premiums, regardless of whether it is earned or unearned. This just provides how much premiums all of an insurance company's customers are expected to pay during a year (or any period specified). Premiums written are also used to show sales volume, as well as the size of the company in relation to other insurance companies.
Premiums written can be computed as net premiums written or gross premiums written. Net premiums written are gross premiums written less premiums and expenses paid to reinsurance companies.
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