Loss Sensitive Programs Insurance

Loss Sensitive Programs Insurance

Loss sensitive insurance programs tie premium costs to the insured's actual loss experience over the policy period. Unlike guaranteed cost policies with fixed premiums, these programs calculate final premiums retrospectively based on claims paid, with the potential for premium returns when losses ar…

Key Coverages for Loss Sensitive Programs Businesses

• Retrospective rating plans with premium adjustment
• Dividend plans with return of premium potential
• sliding scale dividend based on loss ratio
• Paid loss retrospective with scheduled adjustments
• Incurred loss retrospective for longer-tail lines
• Minimum and maximum premium parameters