How Premium is Calculated for AMS 360

Lucas Jans -

If the policy has a value for Full Term Premium we use this value for our Premium.

If there is not value for the Full Term Premium we run an algorithm to calculate the Premium value. We do this because have some data is better than having no data at all.  

We summarize the debit and credits of the transaction values. We prioritize in this order. If the first number is great than 0, then we use this for the Premium

Transaction Values

  • Full Term Premium
  • Written Premium
  • Billed Premium
  • Transaction Premium

 

 

Have more questions? Submit a request

0 Comments

Please sign in to leave a comment.
Powered by Zendesk