Insurance domain mishra

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  • Suntiara Soft -Mishra
  • Insurance domain mishra

    1. 1. Insurance DOMAINS Mishra 1
    2. 2. MISHRA Business Analyst Suntiara Soft www.suntiara.in mishraba108@gmail.com +91 9912923179 +91 9581271790 (INIDA) Mishra 2
    3. 3. DOMAIN • It is a Subject • When we consider any software project we termed the subject as Domain e.g. Insurance, Banking Mishra 3
    4. 4. • A Domain expert is the master of theA Domain expert is the master of the subject and he/she may know each andsubject and he/she may know each and every concept of thatevery concept of that product/application.product/application. • They have caliber to give advise to clientThey have caliber to give advise to client on any particular work area.on any particular work area. DOMAIN EXPERT Mishra 4
    5. 5. • Subject expert is that person whoSubject expert is that person who have knowledge of a particular areahave knowledge of a particular area where he/she may find out whatwhere he/she may find out what need to do the against the issue ifneed to do the against the issue if anyany SUBJECT EXPERT Mishra 5
    6. 6. NEED OF DOMAIN • Why a Domain is need • What is use of Domain • Why tester may need of Domain Knowledge • What is difference between who have Domain knowledge & other who didn’t Mishra 6
    7. 7. NEED OF DOMAIN cont… • Mobile Application Testing • Wireless Application Testing • VOIP Application • Network Application Mishra 7
    8. 8. TYPES OF DOMAIN • Insurance • Banking • Mobile Banking • Health Care Domain • Dental Insurance • Retail Mishra 8
    9. 9. TYPES OF DOMAIN • Super Market • Protocol • Networks • Finance • CRM-SAP Mishra 9
    10. 10. ADVANTAGES OF DOMAIN KNOWLEDGE • Reduce the Training Time • Good on Functional Flow Chart (Work Flow, Business Process & Rule ) • Good Idea on UI Features • Good Idea on Back- End Processing • Defect Tracking • Terminology Mishra 10
    11. 11. INSURANCE • What is Insurance Insurance, in Law and Economics is a form of risk management primarily used to hedge against the risk of Contingent, Uncertain loss. Mishra 11
    12. 12. INSURANCE • Insurance is defined as the equitable transfer of the risk of a loss from one entity to another in exchange for payment Mishra 12
    13. 13. INSURER • INSURER is an Insurance Company selling the policy Mishra 13
    14. 14. INSURED/POLICY HOLDER • An Insured or Policy holder is the person or entity buying the Insurance Policy Mishra 14
    15. 15. PREMIUM/INSURANCE RATE • The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage called the Premium Mishra 15
    16. 16. HISTORY • 2nd BC and 3rd BC • 16 AD Mishra 16
    17. 17. TYPES OF INSURANCE • Life Insurance (Long Term) • Non-Life Insurance (Short Term) Mishra 17
    18. 18. TYPES OF INSURANCE • By the Law of Insurance is in USA 1. Unemployment Insurance 2. Social Security 3. Worker’s Compensation Mishra 18
    19. 19. CATEGORY OF INSURANCE • Dental • Health • Life • Business • Residential • Transport/Communication • Other Mishra 19
    20. 20. DENTAL • It Covers Dental Benefits Capping Polishing Crowing Mishra 20
    21. 21. HEALTH INSURANCE • Accidental Death & Dismemberment Insurance • Disability Insurance • Total Permanent Disability Insurance • Long Term Care Insurance Mishra 21
    22. 22. LIFE INSURANCE • Permanent Life Insurance • Term Life Insurance • Universal Life Insurance • Variable Universal Life Insurance • Whole-Life Insurance Mishra 22
    23. 23. BUSINESS • Bond Insurance • Directors officers Liability Insurance • Error & Omission Insurance • Fidelity Bond • Professional Indemnity Insurance • Professional Liability Insurance • Protection & Indemnity Insurance • Trade Credit Insurance Mishra 23
    24. 24. RESIDENTIAL • Contents Insurance • Earth Quake Insurance • Flood Insurance • Home Insurance • Land Lords Insurance • Mortgage Insurance • Property Insurance Mishra 24
    25. 25. TRANSPORT/COMMUNICATION • Marin Insurance • Travel Insurance • Vehicle Insurance • Aviations Insurance • Satellite Insurance • Computer Insurance Mishra 25
    26. 26. OTHER INSURANCE • Causality Insurance • Crime Insurance • Group Insurance • Crop Insurance • Liability Insurance • No-Fault Insurance • Pet Insurance Mishra 26
    27. 27. OTHER INSURANCE • Re-Insurance • Terrorism Insurance • Wage Insurance • Weather Insurance • Worker’s Compensation Mishra 27
    28. 28. WHAT IS USE OF PREMIUM TO THE COMPANY • 3 thing do • 1st Pool out the money to pay claims • 2nd Insurance Companies pay for Expenses involved in selling and providing insurance protection • 3rd Insurance Companies invest money Mishra 28
    29. 29. PREMIUM DETERMINATION • The Frequency of Claims (how many) • The Severity (Cost of each Claim) Mishra 29
    30. 30. CONCEPT OF INSURANCE • Example- Home Insurance House in village= 1000 Value of House= Rs.80,000/ House Burning in a Year=10 Total amount loss due to fire = Rs. 8,00,000/ Contribution of each house owner= Rs.800/ Mishra 30
    31. 31. CONCEPT OF INSURANCE UNDERLYING ASSUMPTION • All 1000 house owners are exposed to common risk i.e. FIRE Mishra 31
    32. 32. CONCEPT OF INSURANCE • Procedures All owner contribute Rs 800/ each as premium to the pool of funds total value of the fund Rs. 8,00,000( each 1000 house* 800) 10 house get burnt during the year Insurance company pays Rs 80,000/- out of the pool to all 10 house owner whose house get burnt Mishra 32
    33. 33. CONCEPT OF INSURANCE • Effect of Insurance Risk of 10 house owners is spread over 1000 house owner in the village thus reducing the burden on any one of the owner Mishra 33
    34. 34. INSURANCE/POLICYProcess • Insurance Policy Administrations • Claims Process • Agency Process • Agent Process • Policy System • User Control System Mishra 34
    35. 35. INSURANCE/POLICY PROCESS • Data Import/Export Process • Policy Registration • Quotations Engine • Insurance Administration Process System • Content Process • Insurance Document Process • Insurance Accounting Mishra 35
    36. 36. BENEFIT OF INSURANCE • Insurance Work-Risk +Static's= Peace of Mind • Insurance Company were developed to take your Risks • Insurance Covers every thing we do House Hold Insurance Medical, Motor, Travel, Pet etc Mishra 36
    37. 37. FACTORS THAT INFLUENCE LIFE INSURANCE RATE • Age • Heath Condition • Gender • Smoker • Life Style • Occupation • Type of Policy Mishra 37
    38. 38. FACTORS THAT INFLUENCE HEALTH INSURANCE RATE • Weight • Gender • Smoking Status • Family Medical History • Location • Material Status • Profession Mishra 38
    39. 39. You can view video on YouTube Mishra 39
    40. 40. QUESTIONS Mishra 40
    41. 41. Thanks Mishra 41

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