Business Net Retention

Definition

  • The percentage of gross writings a company retains for their own account. Gross writings are calculated by taking the sum of direct and assumed writings, excluding affiliated writings.

Synonyms
actual amount, gross writings retained, residual policies, total policies in force

Related Terms and Acronyms

  • Cost of Goods Sold (COGS) Acronym,
    • An expense that appears on a business's income statement and represents the inventory cost of the goods sold during a particular period.
  • Underwriting Expenses Definition,
    • The expenses accumulated by an insurance company while underwriting a product.
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