Can you please explain the difference between the terms WP/GWP?

Question by Katerina: Can you please explain the difference between the terms WP/GWP?
I am a foreign resident working at an insurance company. Can you please explain the difference between the terms: WP (written premiums)and GWP (gross written premiums). I can't see the difference... THANKS


Best answer:
Answer by joshWritten premium is the amount of premium recorded for a policy at the time it is issued. It's purpose is to construct a clear picture of how much the insurance company

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