aggregate premium

USAGE SUMMARY

The phrase "aggregate premium" is correct and usable in written English.
It can be used in contexts related to finance, insurance, or economics, where it refers to the total premium amount collected or calculated for a group of policies or contracts. Example: "The aggregate premium for all the insurance policies sold this year has significantly increased compared to last year."

✓ Grammatically correct

Academia

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

But the aggregate premium paid by the controlling stockholder will be equal to the aggregate of the premiums that would be demanded individually by the minority stockholders.

Columbia University

The application of a portion of the surplus or deficit (vs. 100%) is intended to provide a smoothing effect to avoid large year-to-year changes in the Aggregate Premium.

Stanford University

Human-verified similar examples from authoritative sources

Similar Expressions

58 human-written examples

But somewhere along the line, it morphed into an ad-buying platform that aggregates premium and transparent inventory sources.

TechCrunch

This figure is obtained by summing the aggregate monthly premium increase attributable to Obamacare across states (leaving out the 6 states where premiums declined).

Forbes

Vehicle insurance premiums are allocated on a per vehicle basis and are not included in the Liability Aggregate Annual Premium calculations.

Stanford University

(3) The Aggregate Annual Premium is allocated to income-producing operations, formula schools, auxiliaries, and general funds based on property replacement values.

Stanford University

To the extent that these settlements result in over funding of the reserve account, the surplus will be applied to lower the Aggregate Annual Premium charged across the University as described in the budget section above.

Stanford University

The balance of the Aggregate Annual Premium after carve outs is then allocated to all income-producing operations, formula schools, auxiliaries, and general funds based on the prior year's actual payroll and headcount data.

Stanford University

A portion of the Aggregate Annual Premium will be carved out and allocated to certain income-producing operations, formula schools and auxiliaries based on use, attendance, occupancy and square footage measures.

Stanford University

We show that our model accounts for the main statistics regarding education (enrollment rate, dropout rate, and time to degree) while matching the observed aggregate wage premiums.

University of Chicago

By comparison, since 1997 Sherry-Lehmann with Sotheby's has held seven auctions, offered 12,673 lots and sold 90percentt of them for aggregate sales (including premium) of $18.5 million.

The New York Times

Expert writing Tips

Best practice

When discussing financial reports or insurance portfolios, use "aggregate premium" to refer to the total premium amount across a set of policies or contracts. This term is especially useful for providing a comprehensive overview.

Common error

Avoid using "aggregate premium" when referring to the premium for a single policy. Use "individual premium" or simply "premium" in those cases. "Aggregate premium" is specifically for the total across multiple policies or entities.

Linguistic Context

The phrase "aggregate premium" functions as a noun phrase, specifically referring to the total or combined amount of premiums. Ludwig AI confirms its correct usage. It is commonly used in financial and insurance contexts.

Expression frequency: Rare

Frequent in

Academia

34%

News & Media

33%

Science

33%

Less common in

Formal & Business

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "aggregate premium" is a phrase used to describe the total or combined amount of premiums, often in the context of finance and insurance. Ludwig AI confirms that the phrase is grammatically correct and suitable for use in professional and analytical contexts. While not extremely frequent, its meaning is clear and its usage is consistent. For alternatives, consider "total premium", "overall premium", or "combined premium" depending on the specific nuances you wish to convey. Ensure you use "aggregate premium" only when referring to the combined amount across multiple entities, not for individual policies.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

total premium

Focuses on the summation aspect but is more general than the original phrase.

overall premium

Emphasizes the comprehensiveness of the premium, similar to "aggregate".

combined premium

Highlights the merging of individual premiums into a single figure.

collective premium

Stresses the group or collection from which the premium is derived.

accumulated premium

Implies a gradual increase or accumulation of the premium over time.

total insurance cost

Replaces 'premium' with a broader term for cost, slightly changing the focus.

overall insurance expenditure

Similar to 'total insurance cost' but uses a more formal term.

sum of premiums

Directly expresses the mathematical operation of summing individual premiums.

consolidated premium

Suggests a streamlining or merging of different premium components.

bulk premium

Indicates a large quantity or volume of premium, shifting the emphasis.

FAQs

How to use "aggregate premium" in a sentence?

You can use "aggregate premium" to describe the total amount of premiums collected from a group, such as "The company's "aggregate premium" for all policies increased this year."

What can I say instead of "aggregate premium"?

Alternatives include "total premium", "overall premium", or "combined premium", depending on the specific context.

Which is correct, "aggregate premium" or "aggregated premium"?

"Aggregate premium" is generally preferred when referring to the total premium amount. "Aggregated premium" could be used, but it's less common. Stick to "aggregate premium" for clarity.

What's the difference between "aggregate premium" and "average premium"?

"Aggregate premium" refers to the total sum of premiums, while "average premium" refers to the premium amount divided by the number of policies or entities. Don't use "aggregate premium" if you intend to denote the average value.