Home > Glossary

Underwriting Expense

Underwriting Expense


Underwriting Expense — (1) The cost incurred by an insurer when deciding whether to accept or decline a risk; may include meetings with the insureds or brokers, actuarial review of loss history, or physical inspections of exposures. (2) Expenses deducted from insurance company revenues (including incurred losses and acquisition costs) to determine underwriting profit.

Related Products

User ID: Subscriber Status:Free