INSURANCE GLOSSARY

G — Insurance Terms

Gross Premium, Group Health Insurance.

Gross Premium Brüt Prim
The total premium charged to the policyholder before deduction of reinsurance premiums ceded, agent commissions and taxes. Gross Written Premium (GWP) is a key performance indicator for insurers, representing total premium income before any retrocession or reinsurance costs. Net premium = gross premium minus ceded reinsurance premium.
Group Health Insurance Grup Sağlık Sigortası
Health insurance arranged by an employer for a group of employees, typically on more favourable terms than individual policies due to the aggregated risk pool. Group health schemes may complement the state social security system (SGK) in Turkey, either as top-up cover (TSS) or as a standalone private health plan.

Looking for expert advice?

Neolife is an independent, SEDDK-licensed insurance and reinsurance broker in Turkey, acting exclusively in the client's interest.

Free Consultation →