What is the difference between the total Sale Premium, Written Premium, and Issued Premium?
| Written Premium |
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| Issued Premium |
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| Sale Premium |
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Why Sale Premium Matters
- If a sale is marked as Issued by date but no issued premium was entered, the system will default to the Written Premium.
- This is referred to as the Sale Premium
- This ensures bonuses and reports still calculate correctly, even if something was missed during data entry
Important Notes
- If your Issued Premium totals look incorrect, double-check that your team is entering a value in the Issued Premium field when marking sales as issued or when entering an issue date for the sale.
- If the Issued Premium field is left blank, the system will refer to the Written Premium for bonus qualifications, but your Issued Premium reporting may appear inaccurate
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For example, in the screenshot below, the Written and Sale premiums match, but the Issued Premium is slightly off.
This could mean that a sale or sales were issued, but the Issued Premium field was left blank. Simply enter a value in the Issued Premium field and select Update Sale.
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