Premiums received by or due to an insurer, without deduction of the cost of any Reinsurance, but adjusted to take account of the difference between the unexpired risk reserves at the beginning and end respectively of the period concerned.
Insurance Encyclopedia
Gross Earnings
Revenue from operating sources, before deduction of the expenses incurred in gaining such revenue.
Gross earnings (Property Insurance)
An amount calculated by deducting the cost of goods sold from the total sales.
Gross earnings coverage
An outdated term for business income coverage.
Gross Earnings Form
Type of business interruption Insurance under which the amount of Insurance to be carried is based on the insured’s gross earnings by a complex formula, which is essentially net revenue minus cost of goods sold or cost of services provided.
Gross earnings form (Property Insurance)
A form that is no longer widely used. This form was used in writing business interruption coverage.
Gross Fund
A fund not liable to tax on income or capital gains.
Gross Leverage
The sum of net leverage and ceded reinsurance leverage. This ratio measures a company’s gross exposure to pricing errors in its current book of business, to errors of estimating its liabilities and exposure to its reinsurers.
Gross line
UK: The amount of insurance the insurer has on a risk before deducting the amount reinsured. Net lines plus reinsurance equals gross lines.
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The amount of risk that an insurer or reinsurer is carrying before taking account of any applicable reinsurance that reduces that risk.
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The maximum amount an insurer will insure on a particular risk.
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The maximum limit an insurer or reinsurer is willing to accept before taking credit for reinsurance coverage. Such limits are usually expressed per insured, per line of business, and the like. See Net line.
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REINSURANCE: The total limit of liability accepted by an insurer on an individual risk (net line plus all reinsurance ceded).
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The total sum accepted by an insurer on an individual risk, including the amount to be reinsured.
Gross Line / Gross Loss
The amount of a ceding insurer’s loss irrespective of any reinsurance recoveries due.