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25 April 2025
| N 10:57 | Incurred But Not Reported diffhist +1,019 PaulWaring talk contribs (Created page with "Incurred But Not Reported (IBNR) refers to incidents giving rise to a claim under a policy which have already occurred but a claim has not been reported to the insurer. These can arise because: * The policyholder has not yet reported the claim. * A third party has suffered a loss but has yet to trace the policyholder and their insurer (e.g. hit by a policyholder's vehicle and the driver did not stop). * The policyholder has suffered a loss but is not yet aware of it, e....") | ||||
23 April 2025
| N 11:07 | Earned Premium diffhist +485 PaulWaring talk contribs (Created page with "The Earned Premium is the part of the premium that has already been earned by the insurer, and is based on how far the policy has proceeded. For example, a typical 12 month policy will have: * 0% of the premium earned as of the start date * 25% of the premium earned at the end of month 3 * 50% of the premium earned at the end of month 6 * 100% of the premium earned at the end of month 12 This is different to the Written Premium, where the whole premium is recognise...") | ||||
| N 11:07 | Written Premium diffhist +196 PaulWaring talk contribs (Created page with "The Written Premium is the premium charged for the policy at inception or renewal. As soon as cover is agreed, the premium has been written, even if the policy does not start until a future date.") | ||||
21 April 2025
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N 08:02 | Insurance Premium Tax 4 changes history +617 [PaulWaring (4×)] | |||
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08:02 (cur | prev) +111 PaulWaring talk contribs | ||||
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08:00 (cur | prev) +210 PaulWaring talk contribs | ||||
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07:58 (cur | prev) +112 PaulWaring talk contribs | ||||
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07:57 (cur | prev) +184 PaulWaring talk contribs (Created page with "Insurance Premium Tax (IPT) is a tax implemented by several countries which applies the majority of insurance products. == United Kingdom == The current rate of IPT in the UK is 12%.") | |||