Insurance Policy Administration- Part A

The ‘Insurance Policy Administration – ‘Part A’ course is designed specifically for information technology professionals, for imparting ‘New business’ process knowledge. Part B of the course, focuses policy servicing aspects of personal lines policy administration. Our focal point is Property and casualty insurance in the USA. Even though the new business process will be somewhat similar across geographies, examples of insurance products and their related functions are from the USA. Market-available policy administration courses are specific to COTS products. This course focuses on the COTS-agnostic policy administration process. It is beneficial for all information technology professionals working in the policy administration system for P&C insurance. Please complete the final quiz. Scoring 80% in the final quiz allows you to get a certification for this course. There is no limit to the number of attempts for the final quiz. You get access to this course for 36 months. Insuedot wishes you career progression using this knowledge.

Benefits:

• For startups who want to build a COTS product on Policy administration for P&C insurance, especially for US geography, it is a starting point to start thinking about solutions and processes.
• This course benefits business analysts by helping them understand the generic process before even beginning the project and prepare for requirement gathering.
• Software testers can think of relevant scenarios by understanding the process and its elements.
• Architects, whether they are business architects or technical architects, can understand the big picture, processes, peripheral systems to PAS, and relevance of emerging technologies for policy administration.
• System integrators understand the peripheral systems needed for policy administration.
• Those working in BPO and new to P&C insurance can understand the new business process if their operation is related to policy administration.

Objectives:

• Understanding the big picture of the P&C insurance process by knowing the value chain
• Knowing the process components of new business from a system perspective
• Knowing the peripheral systems of policy administration
• Awareness of disruptive technologies impacting the new business process

Curriculum:

There are 13 lectures in this course. All lectures are self-study. This course is focused on

• Recap of P&C personal lines
• P&C insurance value chain
• New business process
• Product and process nesting
• Details on: a) Inquiry and submission; b) Underwriting; c) Rating; d) Quote; e) Policy issue
• Policy printing and forms
• Policy administration system peripherals and technology