Net Premiums Written

Net Premiums Written,

Net Premiums Written Meanings:

  • Net written premium refers to the amount received from the premium paid by the insurance company after deducting the insurance company's insurance or commission payments. This usually refers to gift orders during a specific period. Proceeds from this are used to pay claims approved by the insurance company.

  • Net premium is a written premium value that is recorded by the insurance company for a specified period of time which is less than that offered to the insurance company. The published premium is part of the premium that the company can keep to cover this risk.

    • The net premium written premium amount is offered to the lower insurance company along with all the insurance animation offered to the reinsurer.
    • The published net premium amount represents the sale of insurance for a fixed period.
    • When calculating the net premium, the insurer should keep in mind the difference between the premium received and the one not yet earned.
    • The net premium calculation should take into account the estimated future costs and include it in the premium charged to the user.

  • Meaning of Net Premiums Written: Represents the total reinsurance premium requested, direct and predictable, low reinsurance delivered

  • The net written premium is less than the total written premium equivalent to the written insurance premium.

  • Issued, re-supervised and assumed, represents the overall reinsurance that provides less insurance.

Literal Meanings of Net Premiums Written

Net:

Meanings of Net:
  1. Catch or land with a net (fish or other animal).

  2. (In sports) kicking or kicking (ball or puck) net (goal)

  3. Cover with net.

  4. A piece of open mesh material made of wire, rope ope, rope or the like, often used to catch fish or other animals.

  5. A frame-supported structure that serves sports such as football and hockey

  6. Smooth fabric with very revealing weft.

  7. A way to trap someone.

  8. Internet.

  9. Earn or receive as net income (a cash amount).

  10. Remaining after deductions like tax or rebate (quantity, price or value)

Sentences of Net
  1. Damage from fish fats

  2. Wright scored 177 goals in six years

  3. Fishermen are fixing their nets

  4. Turn Wilson's wings into a net

  5. Curtains

  6. The search has been postponed so that the killers can escape from the net.

  7. Ensuring privacy on the web is becoming increasingly difficult.

  8. It sold 20% of its shares and made huge profits in the process.

  9. Increase in earnings per share

  10. The net result is the same

Synonyms of Net

concluding, trap, tulle, earn, make a profit of, get, closing, netting, bring in, obtain, end, pocket, take-home, after deductions, gain, openwork, after taxes, pull in, latticework, snare

Premiums:

Meanings of Premiums:
  1. Amount to be paid in insurance contract.

  2. Price added to price or general cost.

  3. Something is given as a gift, reward or incentive.

Sentences of Premiums
  1. Accurately, the income of a pensionable worker consists of the premium paid for his claim in addition to his salary.

  2. Avoid paying too much for organic fruits

  3. The Society des Arts gave him a bonus

Synonyms of Premiums

perk, instalment, extra amount, extra charge, remuneration, extra, additional payment, bonus, reward, recompense, surcharge, insurance charge, prize, regular payment, percentage, additional fee, insurance payment

Written:

Meanings of Written:
  1. Mark any surface, usually with a pen, pencil or similar tool, on paper (letters, words or other symbols).

  2. Write, write and send (letters) to someone.

  3. Write (text or any work) for its production or publication in written form or in print, bring it in literary form and enter it in writing.

  4. Insert (data) into an electronic or magnetic storage device, or at a specific location in a computer file system.

  5. Refund (insurance policy)

Sentences of Written
  1. Write his name on a piece of paper

  2. I wrote a letter to Allison

  3. He wrote a great seller

  4. Files can be read and written to the file system.

  5. The doctors felt that no insurance company would buy them a policy at any cost.

Synonyms of Written

note down, make a note of, communicate, produce, pen, keep in contact, write down, put in black and white, dash off, sign, get in touch, put together, compose, pencil, make a list of, commit to paper, scribble, log, list, compile, jot down, put in writing, draft, set down, keep in touch, record, draw up

Net Premiums Written,

What Does Net Premiums Written Mean?

  • Contract premium after lack of insurance.

  • Net Premiums Written can be defined as, The total amount of premium written by the insurance company over a period of time is less than the premium paid to the insurance company and any covered insurance.

Literal Meanings of Net Premiums Written

Net:

Meanings of Net:
  1. (Effect or result) final or universal.

Synonyms of Net

acquire, meshwork, be paid, realize, final, lattice, make, take home, accumulate, lace, webbing, mesh, booby trap, lacework, ultimate, clear, fishnet

Written:

Synonyms of Written

register, create, correspond, put down, scrawl, take down, invent, inscribe, mark down, write a letter, note, formulate, think up