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premium
(redirected from Earned premium)

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Acronyms, Wikipedia 0.01 sec.
premium
1. an amount paid in addition to a standard rate, price, wage, etc.; bonus
2. the amount above nominal or par value at which something sells
3. 
a. an offer of something free or at a specially reduced price as an inducement to buy a commodity or service
b. (as modifier): a premium offer
4. a fee, now rarely required, for instruction or apprenticeship in a profession or trade


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Net earned premium of the group increased to $53 million from $40 million a year ago, while gross written premium decreased to $85.
Net earned premium increased to US$ 53 million from US$ 40 million during the same period of 2008.
As a result, the rate of increase in incurred claims is outpacing growth in earned premium.
 
 
 
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