• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
  • Please be advised that the SP1, SP5 and SP7 X1 deadline is the 14th July and not the 17th June as first stated. Please accept out apologies for any confusion caused.

Rate on line

T

TheArtfulDodger

Member
Does anyone have a good example showing how you'd calculate the rate on line for a non-proportional reinsurance policy?

There is a glossary definition of rate on line but it doesn't really show how its calculated. It just says that its the 'total premium charged (ignoring reinstatement premiums) divided by the width of the layer covered'.

Would be good to see an example or a past question showing how this works in practice....
 
Did a bit of further digging myself and found an old exam question that tests this. It's Subject 303 - April 2001 - Question 3
 
You must log in or register to reply here.
Back
Top