Underwriting Expenses

Definition

  • Expenses sustained by an insurer while in the process of writing insurance policies including salaries, commissions, and advertising costs.

Synonyms
insurance underwriting expenses, expenses from underwriting, policy underwriting expenses

Related Terms and Acronyms

  • Business Net Retention Definition,
    • A measure of the gross writings retained by a company for their own account.
  • Chartered Property and Casualty Underwriter Definition,
    • A designation for professionals working in the property and casualty insurance and/or risk management fields.
  • Expense Ratio Definition,
    • A method of calculating an insurer's operating efficiency.
  • Premium Balances Definition,
    • A ledger kept by insurance companies recording insurance premiums.
  • Underwriting Guide Definition,
    • The rules and guidelines an underwriter must follow while writing policies.
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