Insurance
Underwriting Expense (Salaries & Overhead)
Recording the monthly cost of the underwriting and risk assessment department.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Underwriting Expense | Expense (+) | 35,000.00 | - |
| Wages Payable / Accounts Payable | Liability (+) | - | 35,000.00 |
💡 Accountant's Note
Underwriting expenses include staff salaries, software, risk data subscriptions, and office costs. They are tracked separately from claims and DAC to calculate the Expense Ratio — a key insurance KPI.
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