difference between direct premiums written and net premiums written
Net premiums written is gross written premium (direct written premium plus assumed written premium) less ceded written premium . It gives an indication of the level of sales for risks that they themselves cover.
Gross premiums written. Gross premiums written is the sum of both direct premiums written and assumed premiums written before the effect of ceded reinsurance. Direct premiums written represents the premiums on all policies the Companyâs insurance subsidiaries have issued during the year.