Sentences with gross written premiums
- Surplus gains enabled the company to increase gross written premiums and reduce amounts ceded to reinsurers.Gross written premiums are premiums with no deduction of the cost of any reinsurance or any adjustment for the fact that some of the income has to be reserved for the unexpired element of the policy.Gross written premiums are the total revenue from a contract expected to be received by an insurer before deductions for reinsurance or ceding commissions.