Earned premium (EP)

Term · Insurance and risk management · MLC-T-INS-001239

The portion of an insurance premium for which the insurer has already provided coverage, corresponding to the expired period of the policy term. As time passes, unearned premium becomes earned premium, reflecting the insurer's assumption of risk for that duration. For a one-year policy, the earned premium at any point is proportional to the fraction of the policy period that has elapsed.

Table 1. Record
Identifier	MLC-T-INS-001239
Field	Insurance and risk management
Abbreviation	EP

Record as JSON

{
  "id": "MLC-T-INS-001239",
  "term": "Earned premium (EP)",
  "field": "Insurance and risk management",
  "definition": "The portion of an insurance premium for which the insurer has already provided coverage, corresponding to the expired period of the policy term. As time passes, unearned premium becomes earned premium, reflecting the insurer's assumption of risk for that duration. For a one-year policy, the earned premium at any point is proportional to the fraction of the policy period that has elapsed.",
  "abbreviation": "EP",
  "url": "https://mlchart.com/terminology/insurance/earned-premium-ep/"
}

Record 1,064 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.