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.
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.