Paid business

{
  "id": "MLC-T-INS-002474",
  "term": "Paid business",
  "field": "Insurance and risk management",
  "definition": "New insurance policies for which the initial premium has been collected and processed by the insurer. It represents the actual sales that have been finalized and are in force, distinguishing them from applications that have been submitted but not yet paid. This metric is a key indicator of an insurer's sales performance and growth.",
  "url": "https://mlchart.com/terminology/insurance/paid-business/"
}