Prem Calc - Insurer Members
Overview - PremCalc will calculate your organization's exposure base and estimated policy year 2023 premiums for each WCRA retention level available in 2023. 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 2023 retention limits and rates.

For insurers, total pure premium is calendar year 2021 standard earned premium at the designated statistical reporting level as reported on your organization's 2021 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.

2021 Total Pure Premium
2023 Exposure Adjustment Factor
Estimated 2023 Reinsurance Exposure Base
Estimated WCRA Premium at Low Retention Limit for 2023
Estimated WCRA Premium at High Retention Limit for 2023
Estimated WCRA Premium at Super Retention Limit for 2023
Estimated WCRA Premium at Jumbo Retention Limit for 2023

Total Pure Premium - Sum of Pure Premium Exposure

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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