Present value of new business premiums
Present value of new business premiums, abbreviated PVNBP, is a term used in insurance to indicate the present value of total sales confirmed to receive from present to future.
It will be the sum of single premiums and present value of recurring premiums. PVNBP makes it compare the sales of two companies having both single premiums and recurring premiums. In a way it does the reverse of what annual premium equivalent does, i.e., converts recurring income to a single number.
