Gross insurance premiums are the total insurance premiums in a reporting country. Gross premiums are total premiums written, excluding any premium taxes or other charges, but before deduction of commission or reinsurance outwards. The inclusion of reinsurance assumes some double counting.
Gross premiums are the sum of premiums of direct business and premiums of reinsurance accepted.
Premiums are a major indicator of the importance of the insurance industry in the economy of the country.
This indicator is measured as million US dollars.