underwriting expense
Underwriting expense is the (1) cost incurred by an insurer when deciding whether to accept or decline a risk and (2) expenses deducted from insurance company revenues (including incurred losses and acquisition costs) to determine underwriting profit.
Additional Information
It may also include meetings with the insureds or brokers, actuarial review of loss history, or physical inspections of exposures.
Summary
Synonyms
profitability
