What is Prima Devengada?
In this glossary, Prima Devengada refers to: The portion of premium that corresponds to the expired part of the policy period and has been 'earned' by providing insurance coverage.
How is Prima Devengada used in finance?
In finance communication, this term appears in contexts such as: "La aseguradora reportó un aumento en la prima devengada a medida que más pólizas alcanzaban la mitad de su vigencia."
Why does Prima Devengada matter in finance?
Prima Devengada matters because it supports clear communication in Insurance contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.
Who uses Prima Devengada?
Prima Devengada is mainly used by Financial Analysts, Bankers, and Traders.
What category does Prima Devengada belong to?
In this glossary, Prima Devengada is grouped under Insurance. Related pages in this category explain adjacent procedures, commands and operational concepts.
Where does this definition come from?
This definition is sourced from CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework and published by Protermify Finance as a static finance reference page.