Skip to main content

Premium

A premium is a regular sum of money paid by an insured party to the insurer for the indemnity cover that they receive. It can be considered to be the 'cost' of the insurance.

The premium, along with investment income, is the prime source of revenue for insurance companies.

Learn Financial Modelling

Get the tools to help you get into investment banking. Step by step guides, videos and 24 months of support by actual bankers. Find out more.