Definition
Gross Written Premium is the total premium income generated from insurance policies written before any deductions for reinsurance or ceding commissions. It represents the top-line revenue from underwriting activities.
Why it matters (in Poovi’s context)
GWP is a primary indicator of an insurer’s market share and growth. For Lloyd’s, it reflects the overall volume of business transacted across the market, showcasing its reach and activity.
Key properties or components
- Increased by 4.2% to £57.9bn in 2025.
- Volume growth was 10.3%, partially offset by foreign-exchange impact and price reductions.
Contradictions or debates
None.