UK: The amount retained by the reinsured for its own account after coinsurance, proportional or acultative reinsurance have been taken into account. See NET RETAINED LINES CLAUSE.
***
The final amount of insurance retained by the Company after reinsuring such amounts as it did not wish to retain.
***
The insurance a ceding company keeps and does not reinsure.
Insurance Encyclopedia
Net risk
The remaining residual risk after the intrinsic hazards of the business or organisation have been reduced in terms of nature, scale and probability of occurrence by the precautions taken by the insured. Ascertaining the net risk is a part of risk assessment.
Net Terms
Free of charters’ commission
Net Underwriting Income
Net premiums earned less incurred losses, loss-adjustment expenses, underwriting expenses incurred, and dividends to policyholders.
Net Weight
(Actual Net Weight) : Weight of goods alone without any immediate wrappings; e.g., the weight of the contents of a tin can without the weight of the can.
Net Worth
The amount by which assets exceed liabilities. It is of concern to bond indemnifiers in determining the size of a job contractor can handle.
Net worth (Surety)
The margin by which a company’s assets exceed their liabilities.
Net written premium (NWP)
Written premium less deductions for commissions and ceded reinsurance.
Net Written Premiums
The premiums received or due to an insurer less the cost of reinsurance but without allowance being made for the cost of any unexpired risk.
Net Yield
The yield on an investment after deduction of tax payable on the interest or dividend, or of the expenses of management in the case of property.