Definition

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Gross Premiums Written
Gross Premiums Written represents total premiums written before adjustments of unearned premiums, reinsurance ceded, and other adjustments. These adjustments to Gross Premiums Written yield Net Premiums Earned. Gross Premiums Written also includes premiums received through reinsurance policies of other insurance companies. Insurance policies may consist of life policies and non-life policies such as fire, automobile, professional liability, health insurance, etc.