Mermaid:Premium

---
config:
  theme: neutral
  look: classic
---
flowchart TD
    P["Premium (foundational revenue unit)"]

    subgraph Determination["Premium Determination"]
        A("Actuarial Analysis")
        U("Underwriting Judgment")
    end

    subgraph Governance["Regulatory Environment"]
        R{{Regulatory Frameworks}}
    end

    subgraph Outcomes["Industry Impact"]
        F["Financial Metrics"]
        I("Insurtech Innovation")
    end

    RT{Risk Transfer}

    RT -->|priced via| P
    P -->|draws on| A
    A -->|adjusted by| U
    U -->|feeds into| P
    R -->|shapes approval of| P
    P -->|key input to| F
    I -->|restructures| P