Insurance Policy Administration-Part B

This ‘Insurance Policy Administration- Part B’ focuses on the in-force policy servicing aspects of P&C insurance, while ‘Insurance Policy Administration- Part A’ course concentrates on new business. Both Part A and B cater to personal lines of P&C insurance. This course is beneficial for all information technology professionals working in policy administration systems for P&C insurance. Please complete the final quiz. Scoring 80% in the final quiz allows you to receive certification for this course. There is no limit to the number of attempts for the final quiz, and you will have access to this course for 36 months.

• Total video lectures: 10
• Duration of video: 2 hours and 20 minutes
• Number of pages of materials to read: 94 pages
• Number of years of access: 3 years
• Certificate upon successful completion of the quiz with an 80% score
• Number of attempts for the quiz: Unlimited”

GO TO THE COURSE CONTENT SECTION IN THE PAGE BELOW TO ACCESS THE VIDEO LECTURES AND MATERIAL.

Objectives:

• Understand the broader context of policy servicing in P&C insurance.
• Grasp the processes, features, and functions from a system perspective for policy transactions conducted in P&C insurance systems for personal lines.
• Comprehend additional features and functions required from a system perspective to execute these transactions seamlessly.

Curriculum:

This course comprises 10 lectures, each encompassing comprehensive materials. The curriculum includes:

1. Course overview
2. Recap of Policy, Underwriting, and Rating
3. Policy servicing transactions
4. Policy change
5. Cancellation
6. Reinstatement
7. Renewal
8. Rewrite
9. Out-of-sequence
10. Additional transactions

Benefits:

• For startups aiming to develop a COTS product for Policy Administration in P&C insurance, particularly in the US, this course provides an initial stepping stone for contemplating solutions and processes
• This course is beneficial for business analysts, aiding in the comprehension of P&C policy servicing processes and transactions, facilitating preparedness for project initiation and requirement gathering
• Software testers can envisage pertinent scenarios for policy servicing, by grasping the processes and their components
• Architects, whether business or technical, can gain an understanding of the comprehensive scope, processes, and transactions pertaining to policy administration
• Individuals in BPO new to the P&C insurance realm can gain insights into policy servicing aspects