Book traversal links for 3.4.3 Profit Sharing
3.4.3 Profit Sharing
Status: In-Force |
One of the most attractive aspects of finite insurance programs is the possibility of premium reduction through the return premium mechanism. In return for limitation of liability through an aggregate cap and for a guarantee of premiums over a specific period of time, the insurer agrees to share underwriting profits with the insured in the event of favourable loss performance.