| 单词 | book of business |
| 释义 | book of business in Insurance (bʊk əv bɪznɪs) Word forms: (regular plural) books of business noun (Insurance: Commercial insurance) A company's or agent's book of business is the total of all insurance accounts written by them. The fundamental objective of underwriting is to produce a safe and profitable book of business. In reinsurance, an insurer pays to place part of an insured risk or an entire book of business with one or more reinsurers. A company's or agent's book of business is the total of all insurance accounts written by them. |
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