Base Premium

(redirected from Underlying Premium)

Base Premium

The premium for an insurance policy that is used to calculate the premium for reinsurance. It is also called the subject premium or the underlying premium.
References in periodicals archive ?
Underlying premium and profit trends are generally in line with our expectations.
STARZ PLAY - with its terrific combination of exclusive premium movies and STARZ Original series offered on a wide range of devices and platforms at no additional charge - exemplifies the new ways we are adding value to the underlying premium STARZ subscription for the benefit of consumers and our distributors.
Sipe noted that there is upward pressure on reinsurance pricing, mostly because of the drastic rate cuts on underlying premium since the 2003 reform.
Companies that develop their umbrella price by using manual underlying premium as a basis for pricing umbrella are ahead of the game.
We have seen good underlying premium growth in our core business and are achieving significant rate increases in our major lines.
Chung Kuo's premiums are expected to grow in 2002 at the 5% annual average rate projected for the wider market, driven by an increase in underlying premium rates and the company's focus on personal lines of insurance," Standard & Poor's credit analyst Connie Wong said.