Terms Beginning With 'u'

Underwriting income

The proceeds earned on the insurance policies the company offers to an insurer after excluding the expenses incurred and claims settled out. For instance, if a firm generates a revenue amounting to $60,000,000 from premiums and consumes $15,000,000 paying out claims, its underwriting income would be $45,000,000. Underwriting income level determines the exact measure of the efficacy of an insurer's underwriting actions.

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