Goods in Transit - Overview

Product Code

• 3030 - Goods in Transit

Product Description

From Premia: "Goods in Transit"

Product Class: 30 (Marine)

Available Coverages

Based on actual policy usage from Premia database:

Main Coverage

303001 - Goods In transit - Inland goods in transit coverage - Used in all 13 policies - Average SI: AED 2,916,455 - Average Premium: AED 5,930

Premium Data

From 13 actual policies (2009-2014):

Premium as % of Sum Insured: - Minimum Rate: 0.05% - Maximum Rate: 30.00% - Average Rate: 2.83% - Median Rate: 0.50%

Premium Range: - Minimum: AED 350 - Maximum: AED 30,000 - Average: AED 5,930

Sum Insured Range: - Minimum: AED 75,000 - Maximum: AED 17,089,896 - Average: AED 2,916,455

Premia Field Mappings

Table: PGIT_POLICY
- POL_PROD_CODE: '3030'
- POL_SI_LC_1: Sum Insured
- POL_PREM_LC_1: Premium Amount

Table: PGIT_POL_RISK_COVER
- PRC_CODE: 303001 (Goods In transit)
- PRC_SI_LC_1: Coverage sum insured
- PRC_PREM_LC_1: Coverage premium

Next Steps

• Quote Requirements
• Premium Calculation
• Endorsements
• Commission

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Note: LOW VOLUME product - only 13 policies found (last in 2014). May be discontinued or rarely used. Documentation based on actual Premia data extraction.