DatMarine

by Datamation - Product Type: Component / DLL

Calculate the gross premium for every type of marine insurance policy. The DatMarine component contains nine different functions designed to handle different methods of calculation. It is useful for any large insurance institution or broker that have in-house development. It is also a valuable tool for software developers wishing to provide solutions for the insurance sector.

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DatMarine V3.0

Add to Cart $ 717.36 1 Site Wide License (Allows Unlimited Users at a Single Physical Address) Download (1.4 MB)

Our prices include ComponentSource technical support and, for most downloadable products, an online backup and a FREE upgrade to the new version if it is released within 30 days of your purchase. All sales are made on our standard Terms and Conditions and subject to our Return Policy. Please contact us if you require any licensing option not listed above including volume licensing and previous versions.

Our regular prices are shown above. Please logon to see your discounted prices.

Different Marine Insurance types require different ways to calculate premiums. In addition, there are policy types that can calculate premium in more than one ways. One example is Hull and Machinery (H&M) where premium can be evaluated either taking into account the InsuredValue or the Entered Tonnage or Both.

The DatMarine component contains nine different calculation methods for calculating premiums. The user, depending on the Policy type can call the appropriate method providing the necessary parameters. The return value is the gross premium.

Among the policy types supported are the following: