Premium earned: related pages
Premium income
The revenues an insurance company receives as premiums paid by customers.
Premium written
Premium written before deduction of re-insurance expenses; a measure of sales.
Reinsurance retention ratio
net premium written ÷ gross premium written.
PVNBP
value of single premiums + discounted value of regular premium streams.
Annual premium equivalent
A measure that allows the calculation of new business numbers for an insurer that combines single premium and regular premium business.
Embedded Value
This is an estimate of the economic worth of a life insurance business. In essence, it is the present value of distributable earnings which is made up of two components.
Copyright Graeme Pietersz © 2005-2019