Base Premium

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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 ?
Hamilton has now doubled its total premium base, on a pro forma basis, to 1.1bn; and acquired a Dublin-based platform that provides non-Lloyd's capabilities and access to the US and to EU markets.
Best blames in particular "years of inadequate pricing and woefully inadequate reserving" that have left the sector with a premium base "unable to keep pace with deteriorating loss frequency and severity trends."
"As the auto premium base expanded in 2018, loss cost trends and severity increases have mostly been in line with companies' expectations," A.M.
Signs of a rebound emerged for E&S' market premium base, which grew by 5% last year due largely to fast-growing commercial auto lines.
The measure expanded the program's premium base while reflecting an individual's full income.
The assigned ratings derive strength from EFUL's position as a significant player in the life insurance products continue to be the largest contributor to EFUL's premium base featuring a combination of life insurance and savings.
The premium base of the life insurance firms, including the state-owned State Life Insurance Company, has grown at a compound annual growth rate (CAGR) of 25 percent since 2009, with total gross premium rising to Rs162 billion at the end of 2015.
In some cases, HMOs are going out of business because their premium base does not cover the skyrocketing costs of prescription drugs.
Fiora Ultra Soft Bath Tissue is the company's softest to date, say officials for the Winchester, Va.-based company; it is designed using a premium base paper and contains 250 sheets per roll.
They are formulated with premium base oil technology and enhanced by a additives for thermal and oxidation stability, high viscosity index, high flash point, low pour point, anti-wear protection, and hydrolytic stability.
It is expected that the acquisition will increase IAG's premium base in New Zealand by nearly 30 per cent.