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Definition: Gross premiums written

Insurance services

Gross premiums written comprise all amounts due during the financial year (reference period) in respect of insurance contracts regardless of the fact that such amounts may relate in whole or in part to a later financial year, before or after reinsurance premiums ceded, after deduction of portfolio withdrawals credited to ceding and retroceding insurance undertakings and cancellations.
Insurance in Europe, Eurostat - DG XV, 1996.