Written premium records premium associated with policies written in the reporting period under the reporting definition.
The distinction that matters
It differs from earned premium because insurance protection can extend beyond that reporting period.
What to check
- Check reporting and cancellation adjustments.
- Compare written with earned premium.
- Read the relevant accounting notes.
Example to discuss
A policy starting in December contributes written premium even though much of its cover extends into the following year.
This is a hypothetical comparison, not a customer claim or a determination of cover.
Jurisdiction and scope
Use the definition in the report being analysed. Changes in business mix, reinsurance, estimation and reporting methods can affect interpretation. These measures do not determine whether an individual claim is covered.
Sources and further reading
General information only. The policy, schedule and applicable rules determine the actual position. For a personal decision, use an appropriately qualified adviser or the relevant provider.