Insurance
Group Medical Policy Premium Written
Underwriting an annual group medical scheme for a company covering 200 employees.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Premium Receivable (Group Medical) | Asset (+) | 120,000.00 | - |
| Written Premium — Group Medical | Revenue (+) | - | 120,000.00 |
💡 Accountant's Note
Group medical is the fastest-growing insurance line in Jordan and the GCC. Premiums are set annually based on the group's prior claims experience, demographics, and market trends. High claims ratios in medical make reserving and pricing critical.
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