The change in GWP from one period to the next.

The initial premium on all policies not cancelled or expired.

The amount of premium that a Lloyd’s name may write in a given year, determined by the size of the Name’s wealth, deposit and whether or not incorporated.
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The income of an insurer from premiums.

The maximum total of premium that may be accepted on behalf of an underwriting member of Lloyd’s. The limit is governed by the underwriter’s means and the amount of the premium deposit he has made.

Also called a front end load. Refers to the fraction of the premium amount that goes to cover insurer expenses.

Least premium specified in a rating manual or in Underwriting rules, for which a Policy or an endorsement can be issued or for which a unit of exposure can be insured.

A notice that provides the date a premium will be due.
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MEDICAL,USA: Billing statement to the insured requesting payment of the insurance premium on a specific due date.
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Notice of a premium due, sent out by the Company or one of its agencies to an insured. Synonym for “Renewal notice.”