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.