What is the UBI calculator?

A new project, the UBI Calculator (ubicalculator.com), seeks to answer this question down to the dollar for many of the UBI plans being proposed today. The project’s creator, Conrad Shaw, joined the podcast to discuss the UBI Calculator and why he built it. . Recently we reached out to our audience asking for questions on basic income.

What is the what-if calculator?

The What-If calculator allows you to change youur original forecast values for profit margins, overheads, investment and all kinds of financing including bank overdraft, fixed term loans, asset finance and factoring / supply chain financing.

What is universal basic income (UBI)?

Universal basic income (UBI) is a government program in which every adult citizen receives a set amount of money regularly. The goals of a basic income system are to alleviate poverty and replace other need-based social programs that potentially require greater bureaucratic involvement.

How is IBNER calculated?

For known outstanding claims, the IBNER can be calculated as the difference between the current case reserve and the estimated amount needed to settle the reported claims. This exists as a provision for future development on known claims. It will include payments post closure for reopened claims.