Definicja new business
New additions to insurance contracts within a certain period. The following categories apply:Newly written business (new contracts for which an insurance policy has been issued). Honoured new business (first premium has been paid).
Further differentiation is made between:Real new business and replacements (new contracts which replace existing ones). Additions from in-force business, for example premium or summary adjustment clauses. Gross and net new additions (net of cancellations, plus refunds)
Słownik i definicje SAPa na N.