Examples
Examples
Try the starting example
- Common covered loss ($)
- 600
- Contributing policies: name, participating limit $
- A,300 B,600
- Model contribution by policy ($)
- A: 200.00; B: 400.00
- Total model payout ($)
- $600.00
- Loss beyond participating limits ($)
- $0.00
- Participating limit share by policy (%)
- A: 33.3333333333; B: 66.6666666667
Try another scenario
- Common covered loss ($)
- 1200
- Contributing policies: name, participating limit $
- A,300 B,600
- Model contribution by policy ($)
- A: 300.00; B: 600.00
- Total model payout ($)
- $900.00
- Loss beyond participating limits ($)
- $300.00
- Participating limit share by policy (%)
- A: 33.3333333333; B: 66.6666666667
Calculation method
Calculation method
Model contribution by policy ($)
Allocate min(loss,total limits) in proportion to participating limits; use exact cent largest remainders and input-order ties.
Total model payout ($)
The smaller of supplied loss and participating-limit total.
Loss beyond participating limits ($)
max(0,loss−total participating limits).
Participating limit share by policy (%)
100×policy participating limit/total participating limits.
Symbols and units
- a
- Common covered loss ($)
- b
- Contributing policies: name, participating limit $
Use the units shown. A list keeps the order in which you enter its values. The symbol ^ means “raised to the power of”.
Assumptions & limits
Assumptions & limits
- One explicitly proportional contribution model, with no deductible or insurer-specific order. It does not establish whether real policies contribute or which contribution clause applies.
Are these inputs private?
These calculations run in your browser. A shared link contains the values you choose to share. Only questions submitted to the separate AI finder are sent to OpenAI.
Further reading
NAIC: insurance terminology background; the displayed model is user specified ↗
Background reading; this does not imply endorsement or independent review of SumFizz.