Underwriting Expenses Incurred
Updated: 09 June 2023
What Does Underwriting Expenses Incurred Mean?
Underwriting expenses incurred are all the paid and unpaid expenses related to the underwriting process. The process of underwriting entails a variety of expenses in a number of different areas, including salaries, commissions, and meetings with potential insureds.
Insuranceopedia Explains Underwriting Expenses Incurred
Other examples of underwriting expenses incurred include advertising costs, actuarial reviews, inspections, various meetings, and so on. An insurance company must spend money in the effort to earn premiums while ensuring that their incoming business remains profitable. As long as an insurance company earns more from its premiums than its expenses, it can remain solvent.
Related Definitions
Related Terms
Related Articles
10 Things You Need to Know About Health Insurance in the United States
The Future of Insurtech: How Technology is Transforming the Insurance Industry
Inside the Details of Auto Transport Insurance: An Expert Interview
Expert Insights: The Ins and Outs of Moving Insurance
Interview With Todd Taylor On Strategizing Large Group Health Insurance
Future Trends in Pain Management Billing and Insurance: Adapting to Change
Related Reading
Revealing the Most And Least Popular U.S. Insurance Companies
How to Get Into the Insurance Industry With a Finance Degree