A claim is said to be closed without payment (CWP) when it is dismissed and closed, by an insurance firm,...

It stands for earned premium; a portion of an insurance policy's premium that corresponds to the expired part of the...

The percentage of all insurance premiums that are used to pay insurance costs, including those associated with costs of acquiring,...

A portion of an insurance policy's premium that corresponds to the expired part of the policy- that is, that part...

A ratio that measures an insurance company's profitability. It relates the total of claims incurred/ losses, expenses , and other...

An insurance firm's turnover in terms of premiums issued and commissions earned (and broadly any source of income related to...

Insurance or reinsurance gross profit is the operator's turnover in terms of premiums issued and commissions earned (and broadly any...

A rating method in insurance that takes into consideration, for establishing a basis of comparability, the amount of loss experienced...

Broadly, it constitutes a change in considerations or benefits under an insurance contract that are applicable to all relevant risk...

A situation where most of the management fees/ charges/ commissions (for underwriting, brokerage, and marketing, etc.) arising in connection with...