18-07-2012, 05:01 PM
Insurance on Internet
insurance PPT.ppt (Size: 182.5 KB / Downloads: 26)
Purpose of the Project
Objective is to automate all possible functionalities of the insurance sectors by helping all stakeholders to use this web based system. Obviously, company is looking for more profit, bigger market reach and 24 X 7 availability of services.
Insurance, in law and economics, is the form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of a guaranteed small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance. The insurance rate is a factor used to determine the amount, called the premium, to be charged for a certain amount of insurance coverage. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
Existing System
The current system is semi-automated system. In this system the customer wants the information about any policy that can be done by agent only. More physical interaction is takes place in this current system between agent and customer. In these system agents recruitment will be done on the basis of exam conducting in desired location. In this system calculation policy premiums done by manual devices like calculator. Providing help to the customers through manually is a tedious job. In this system policy confirmation is send through letters only. This system doesn’t have the facility of 24 X 7.
Administrators
Administrator is a super user treated as owner of this site. He can have all the privileges. Administrator can register customers, agents directly, and delete the information of a registered agent.
Basic and advanced admin facilities like add, update, agent’s information, backup, recovery of data, and generating various kinds of reports.
Administrator can add new policies, information, notices and their work structure into the system. If a new policy is added into the system, the information of that policy and catalog, search facility for available policies exportable in PDF format to customer as well as agents.
Admin can provide on line help to the customers and process their queries and send status to the customers. He can provide agents information of customer native region. He can conduct training modules to the agents.