Life insurance

Life insurance

Industry: Insurance

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Life insurance

Nonstandard auto (high risk auto or substandard auto)

Insurance; Life insurance

Insurance for motorists who have poor driving records or have been cancelled or refused insurance. The premium is much higher than standard auto due to the additional risks.

The amount of the premium that as been paid for in advance that has been "earned" by virtue of the fact that time has passed without claim. A three-year policy that has been paid in advance and is ...

Net premiums written

Insurance; Life insurance

Represents gross premium written, direct and reinsurance assumed, less reinsurance ceded.

Premium

Insurance; Life insurance

The price of insurance protection for a specified risk for a specified period of time.

Net underwriting income

Insurance; Life insurance

Net premiums earned less incurred losses, loss-adjustment expenses, underwriting expenses incurred, and dividends to policyholders.

Net investment income

Insurance; Life insurance

This item represents investment income earned during the year less investment expenses and depreciation on real estate. Investment expenses are the expenses related to generating investment income ...

Net leverage

Insurance; Life insurance

The sum of a company's net premium written to policyholder surplus and net liabilities to policyholder surplus. This ratio measures the combination of a company's net exposure to pricing errors in ...