GNPI is an acronym for Gross Net Premium Income and is also known as Gross Net Written Premium Income (GNWPI), it represents premium income gross of one year’s reinsurance (validity period) of a Reinsurance Agreement in order to determine what portion of premiums is owed to a Reinsurer. It is typically the base to which the Reinsurance Premium Rate is applied, taking into account cancellations, refunds, and premiums paid to determine the definitive premium in a Non-Proportional Treaty Agreement.
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