What is Gross Premium?
Gross Premium The total amount of premium written by an insurer before deductions for reinsurance and other adjustments, reported as gross written premium.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Gross Premium” Used in Practice?
The insurer reported an increase in gross premium due to growth in commercial business lines.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Gross Premium?
The total amount of premium written by an insurer before deductions for reinsurance and other adjustments, reported as gross written premium.
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