Expense Loading

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  • October 23, 2018 at 4:09 am #23082
    Mayank Goyal
    Keymaster

      Definition: Expense loading is the amount included in the premium charged by an insurance company to cover its administrative and maintenance costs.

      Description: In order to cover for their operating expenses, the insurance companies include this as a portion of the total premium payable. Expense load is an addition to the pure premium accommodates for overhead expenditure of the insurance provider.

      Read for the day: Life insurance industry set to grow at 12-15%

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    Actuary Forums › Forums › Learnings › Daily Dose › Expense Loading