What is fgu in insurance?

From the Ground Up (FGU): Term used in excess of loss reinsurance to describe the amount of an incurred loss from zero (the ground) to its ultimate incurred amount. That loss is then set vertically against the retention and limit(s) of the excess of loss protection and excess of loss recoveries made accordingly.

What Is Ground-Up Loss? Ground-up loss is the total amount of loss that is covered by an insurance policy. Ground-up loss does not include

General Insurance terminologies starting with F we have covered you for all the FGU LOSSES : "From Ground Up" losses used in relation to excess of loss

Hello, I'm translating a role play for underwriters. Within that text I found the abbreviation f.g.u.? Does anyone know the meaning of that? Whole sentence: Loss

Definition. Ground Up Loss — the entire amount of an insurance loss, including deductibles, before application of any retention or reinsurance. The

Also FROM THE GROUND UP – FGU. GROSS NET PREMIUM – GNP [UK]. GROSS ORIGINAL PREMIUM after deduction of returns of premium and premiums