The calculator works out what it costs to have a bond issued on our paper: the premium rate, the minimum premium, the issue and amendment fees and the total cost of issue, all of it payable before the bond is issued, with a build-up showing which answer moved the rate. It applies the same published “from” rates that appear on the product pages, so the number on the calculator and the number on the product page cannot drift apart.
What changed is where it lives. Sitting in the site’s main navigation between “Solvency and reports” and “About us”, it read as one of the handful of things this company does, when what it does is price a single range. It is now a section of the bonds and guarantees page, immediately below the products themselves, with the rate drivers and the base-rate table beneath it.
Older links still work: the previous address redirects to the calculator’s new position on the guarantees page, and every button on the site that offers to price a bond points at the same place.
The output remains indicative. It is not a quotation and it does not commit us to issuing anything — firm terms follow underwriting, which means audited accounts, the contract or licence documents, the proposed wording and, where required, a counter-indemnity. What it does is let a broker or an applicant find out the order of magnitude before spending anyone’s afternoon on a submission. Pricing a bond fills the enquiry form underneath it with the figures, so asking for firm terms is one step rather than a fresh start.
Written by the underwriting team at FDI Insurance d.a.c., Dublin. This piece is general information, not advice on any particular transaction — and it is not an offer of insurance.
