by lakemen » Sat Jul 08, 2006 11:38 am
Underwriting Income
Profit made by the insurance company after all expenses and losses have been given out. There is an underwriting loss when the premiums are not adequate to cover the claims and expenses.
Profit made by the insurance company after all expenses and losses have been given out. There is an underwriting loss when the premiums are not adequate to cover the claims and expenses.
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