Original gross premium (OGP)
Term · Insurance and risk management · MLC-T-INS-002439
The total premium charged by the primary insurer to the policyholder before any deductions for reinsurance or other adjustments. This figure represents the full cost of the insurance coverage as initially quoted and accepted. It is a fundamental metric in underwriting and financial reporting for insurance companies.
| Identifier | MLC-T-INS-002439 |
|---|---|
| Field | Insurance and risk management |
| Abbreviation | OGP |
Record as JSON
{
"id": "MLC-T-INS-002439",
"term": "Original gross premium (OGP)",
"field": "Insurance and risk management",
"definition": "The total premium charged by the primary insurer to the policyholder before any deductions for reinsurance or other adjustments. This figure represents the full cost of the insurance coverage as initially quoted and accepted. It is a fundamental metric in underwriting and financial reporting for insurance companies.",
"abbreviation": "OGP",
"url": "https://mlchart.com/terminology/insurance/original-gross-premium-ogp/"
}
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