Premiums Written Law and Legal Definition
Premiums written is an accounting term in the insurance business. It refers to the amount of premiums customers are required to pay for insurance policies written during the accounting period. This is differed from premium earned, which is the amount of premiums that a company has earned by providing insurance against various risks during the year. It may be measured gross (before deduction of reinsurance costs) or net (after reinsurance costs).
