MLchartDataset catalogue

Underwriting expense

Term · Insurance and risk management · MLC-T-INS-003414

Costs incurred by an insurer in the process of evaluating, selecting, and pricing risks, as well as issuing and servicing policies. These expenses include salaries for underwriters, administrative costs, commissions paid to agents and brokers, and marketing expenditures. They are distinct from claims payments and investment expenses, and are a key component in calculating an insurer's combined ratio.

Table 1. Record
IdentifierMLC-T-INS-003414
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003414",
  "term": "Underwriting expense",
  "field": "Insurance and risk management",
  "definition": "Costs incurred by an insurer in the process of evaluating, selecting, and pricing risks, as well as issuing and servicing policies. These expenses include salaries for underwriters, administrative costs, commissions paid to agents and brokers, and marketing expenditures. They are distinct from claims payments and investment expenses, and are a key component in calculating an insurer's combined ratio.",
  "url": "https://mlchart.com/terminology/insurance/underwriting-expense/"
}

Record 3,551 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.