Book Cover
E-book

Title Business knowledge for IT in insurance : a complete handbook for IT professionals
Edition 1st ed
Published London : Essvale Corp., ©2009

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Description 1 online resource (ix, 236 pages) : illustrations
Series Bizle professional series
Bizle professional series.
Contents ""Preface""; ""Acknowledgements""; ""Contents""; ""Introduction""; ""Overview of Insurance ""; ""Introduction""; ""Definition of Insurance ""; ""Definition of Indemnity""; ""Different Variations of Premiums ""; ""History of Insurance""; ""Insurance Classifications ""; ""The Global Insurance Market""; ""The World�s Largest Insurance Companies ""; ""Types of Insurance Products""; ""Introduction ""; ""Life Insurance""; ""Non-life Insurance""; ""Market Segmentation""; ""Distribution Channels""; ""Overview of Reinsurance""; ""Introduction ""; ""Brokers vs Direct Writers ""
Definition of ReinsuranceFunctions of Reinsurance -- Providers of Reinsurance -- Purchasers of Reinsurance -- Nature of Reinsurance Contracts -- Types/Forms of Reinsurance -- Benefits of Reinsurance -- The Business Environment -- Introduction -- Environmental Factors Affecting the Insurance Industry -- Competitive Landscape -- Profile of Major Insurers around the World -- Rating Agencies -- Insurer Financial Strength Ratings -- Trends in Insurance -- Introduction -- The Introduction of Solvency II -- Introduction of MiFID
Enforcement of AML/KYC in InsuranceIntroduction of Islamic Insurance -- Popularity of Bancassurance -- Growth of the Insurance Securitisation Market -- Rise of Sovereign Wealth Funds (SWFs) -- Insurers Targeting the High Net Worth Market Segment -- Business Processes in Insurance -- Introduction -- Role of Capital and Surplus -- Underwriting -- The Application Process -- Claims Administration -- Pricing and Product Development -- Brokerage -- Risk and Insurance -- Introduction -- Definition of Risk in Insurance -- The Workings of Insurance
Risk ClassificationInsurance from a Risk Perspective -- Theoretical Underpinnings of Risk in Insurance -- Features of Insurable Risk -- Limits on Policy Benefits -- The Role of the Actuary -- Risk Management in Reinsurance -- Common Systems used in Insurance -- Introduction -- History of the IT Function in Insurance -- Legacy Systems in Insurance -- Profile of a System -- Other Systems -- IT Projects -- Introduction -- Green IT -- Implementation of Thin-Client Computing -- Virtualisation -- Selection of the Right Virtualisation Technology
ConclusionMethodology, Skills and Tools -- Introduction -- Overview of Mainframe Technologies -- Methodologies -- Business and Systems Analysis Methods -- Testing Methods -- Tools -- Common IT Skills Required -- Soft Skills -- Commonly Used Terminology -- Introduction -- List of Terms -- The Future -- The Future: What does it hold for IT and Business in Insurance? -- Future Insurance Demand and Supply Trends -- Continued Financial Services Integration -- SWFs Investing in Insurance Firms -- Increasing Role of Technology in Insurance
""Emerging Insurance Centres -- Spotlight on Bahrain""
Notes Includes index
Bibliography Includes bibliographical references and index
Subject Insurance -- Information technology
BUSINESS & ECONOMICS -- Insurance -- Risk Assessment & Management.
Form Electronic book
Author Essvale Corporation.
ISBN 9781906096816
1906096813
9781906096755
1906096759