Glossary beginning with E

Earned premium

Written premium in a given period giving consideration to the settlement of revenues (premiums) over time through movement in premium provision.

Embedded value

Actuarial valuation method referring to the value of shareholders’ profits that will be generated by the in-force insurance contracts in an insurance undertaking’s portfolio. This method incorporates shareholder risk of uncertainty concerning the timing and amount of future expected earnings.

a system for managing non-life insurance which is being implemented in PZU.