Insurance Domain Knowledge Pdf
A typical insurance value chain.
Insurance domain knowledge pdf. Just like banking domain knowledge is crucial for the banking business analyst insurance domain knowledge is important for the insurance business analyst. A domain in this context refers to a business sector such as manufacturing healthcare banking insurance and so on and so forth. Insurance domain knowledge for software professionals. Insurance is defined as the equitable transfer of the risk of a loss from one entity to another in exchange for payment.
For instance professionals seeking domain. Insurance domain knowledge and basics. I what is insurance. The insurance industry business model can be further categorized into two types of main activities service domain and support domain.
To help you understand what this means particularly from the context of insurance take a look at the following diagram. The diagram above shows the insurance value chain in a typical insurance company. This course is aimed at empowering your knowledge on insurance domain along with commonly used insurance products. Insurance is a contract between the insurer and the insured person or a group insured person means the person who is covered by the insurance policy or the one who avails the benefit of the policy and the insurer is the insurance company who sells the policies.
Health care or healthcare is the diagnosis treatment and prevention of disease illness injury and other physical and mental impairments in humans. In this tutorial e learning course you will learn the basics of insurance. About healthcare domain knowledge the health care industry is one of the largest industries in the world and it has a direct effect on the quality of life of people in each country. Domain knowledge points to the comprehension and understanding of the inner workings processes procedures and other key aspects of an enterprise.
After taking this course you will have clear understanding of which insurance product best suits your requirement. Academia edu is a platform for academics to share research papers. First and foremost the insurance business analyst is a domain knowledge expert. Why insurance domain knowledge matters.
Service domain activities make up the company s value chain and support domain provides the infrastructure and support to sustain the value chain. Insurance domain knowledge helps you establish credibility with insurance business users from the front line agency staff through to the policy administration and claims personnel. Domain knowledge is quintessential for testing any software product and it has its own benefits like.
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