Marine Cargo - Open Policy - Overview¶

Product Code¶

3020 - Marine Cargo Open Policy

Product Description¶

From Premia: "Marine Cargo Open Policy"

Product Class: 30 (Marine)

Available Coverages¶

Based on actual policy usage from Premia database:

Main Coverages¶

302001 - Marine Cover - Primary cargo insurance coverage - Used in 3,873 out of 3,848 policies - Average SI: AED 871,177 - Average Premium: AED 744

302002 - War & SRCC Cover - War and strikes, riots, civil commotions coverage - Used in 3,861 out of 3,848 policies - Average SI: AED 50,988 - Average Premium: AED 5

Discount Codes¶

1001 - General Discount - Used in 777 policies (various descriptions)

1002 - Fixed Discount - Used in 83 policies

2001 - Loading - Used in 7 policies

Premium Data¶

From 3,848 actual policies (2009-2025):

Premium as % of Sum Insured: - Minimum Rate: 0.03% - Maximum Rate: 2.00% - Average Rate: 0.11% - Median Rate: 0.10%

Premium Range: - Minimum: AED 0 - Maximum: AED 81,255 - Average: AED 754

Sum Insured Range: - Varies per shipment - Maximum observed: AED 60,109,991

Premia Field Mappings¶

Table: PGIT_POLICY
- POL_PROD_CODE: '3020'
- POL_SI_LC_1: Sum Insured
- POL_PREM_LC_1: Premium Amount

Table: PGIT_POL_RISK_COVER
- PRC_CODE: 302001 (Marine Cover), 302002 (War & SRCC)
- PRC_SI_LC_1: Coverage sum insured
- PRC_PREM_LC_1: Coverage premium

Next Steps¶

Note: This is the HIGHEST VOLUME marine product with 3,848 policies. Documentation based on actual Premia data extraction.