Insurance Wheel for Android

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Key Details of Insurance Wheel

Calculate returned insurance premium (refund) for cancelled policies
Last updated on November 6, 2016
There have been 8 updates
Virus scan status:
Clean (it’s extremely likely that this software program is clean)

Developer’s Description

By David Grimmer

Calculate returned insurance premium (refund) for cancelled policies

Before there were computers, insurance companies used a round slide rule device called an "Insurance Wheel" to calculate how much premium was to be refunded for a policy cancelled before its expiration date.Insurance Wheel replaces the old circular slide rules. Insurance Wheel is a useful tool for insurance brokers as well as insurance carriers.The Insurance Wheel calculator supports the 3 normal ways of calculating how much premium is returned when an insurance policy is cancelled before its expiration date:Pro Rata - simple fraction of unearned policy periodShort Rate (90% pro rata) - pro rata discounted 10%Short Rate - table drivenContent rating: Everyone