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 ?
Underlying premium and profit trends are generally in line with our expectations.'
RSA Insurance reports drop in premiums
Sipe noted that there is upward pressure on reinsurance pricing, mostly because of the drastic rate cuts on underlying premium since the 2003 reform.
Rates are just one piece of the workers' comp puzzle
Companies that develop their umbrella price by using manual underlying premium as a basis for pricing umbrella are ahead of the game.
In need of repair: to fix the problem of underpriced umbrella policies, casualty underwriters must consider such factors as rising loss costs and antiquated attachment points
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