Prem Calc - Insurer Members
Overview - PremCalc will calculate your organization's exposure base and estimated policy year 2022 premiums for each WCRA retention level available in 2022. Knowing your organization's estimated reinsurance premium for the coming year will aid you in selecting the retention level for that coverage year. Click here for 2022 retention limits and rates.

For insurers, total pure premium is calendar year 2020 standard earned premium at the designated statistical reporting level as reported on your organization's 2020 MWCIA annual call for experience for your regular and large deductible Minnesota business.

For a more comprehensive explanation of reinsurance premiums, please refer to the WCRA Members Reference Guide.

2020 Total Pure Premium
Pure Premium Adjustment Factor
Estimated 2022 Adjusted Pure Premium
2022 Exposure Adjustment Factor
Estimated 2022 Reinsurance Exposure Base
Estimated WCRA Premium at Low Retention Limit for 2022
Estimated WCRA Premium at High Retention Limit for 2022
Estimated WCRA Premium at Super Retention Limit for 2022
Estimated WCRA Premium at Jumbo Retention Limit for 2022

Total Pure Premium - Sum of Pure Premium Exposure

Pure Premium Adjustment Factor - Pure Premium Adjustment Factor is the same for all members and adjusts for the fact that at the time the WCRA converted to adjusted pure premium as an exposure base (January 1984), rates in the pure premium base rate schedule were about 20% less than the previously effective manual rates. The factor thus provides historical continuity and comparability with the standard earned premium exposure base used in the WCRA's earlier years.

Exposure Adjustment Factor - The ratio of projected exposure for the coming year to the total reported exposure of the estimated base year is used to calculate estimated premium only. When we adjust your premium from estimated to actual, the exposure adjustment factor will change to 1.0.

Legal Disclaimer
The WCRA calculators are provided as a free service to our members.  No guarantee, explicit or implied, is made by the WCRA  regarding their accuracy or suitability for a specific purpose.  No use of these calculators for commercial or educational purpose is permitted without identifying them as a service developed and provided by the WCRA. Use of the calculators on this site constitutes acknowledgment and acceptance of these terms.

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