How is the price calculated?

Considerations for premium computation

Considerations for premium rating of the insured


  • Insurer’s finances – operating expenses, investment returns and profits
  • Frequency of premium payment – annually, bi-annually, quarterly or monthly


For medical

  • Morbidity experience – rate of health failure of its clientele
  • Medical inflation and scope of coverage


For travel/property/automobile

  • Underwritten risks associated (to be explained later within individual sections



  • Age
  • Gender
  • Physical condition
  • Occupation
  • Renewal rate
  • Claims experience
  • Group participation level

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