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Claim Closed Without Payment

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

CWP

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

Closed Without Payment

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

EP

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

Expense Ratio

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

Earned Premium

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

Combined Ratio

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

Insurance Gross Profit

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

Gross Profitability

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

Experience Rating

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