The pure premium needed to cover the expected risks but with no allowance for expenses, commission and contingencies. It is the amount of premium required to cover the risk, taking account of the average claim amount and average claim frequency.
The Rantings of the barely human.
The pure premium needed to cover the expected risks but with no allowance for expenses, commission and contingencies. It is the amount of premium required to cover the risk, taking account of the average claim amount and average claim frequency.