1MHG (Message Header Group) The 1MHG (Message Header Group) is the very first structural group that appears before any transaction in an AL3 message. Its primary functions include: 1. Logical [...]
What is a P&C insurance company? They are insurance companies that insure the property owned by individuals like a car or house or literally anything under the sun. However, [...]
Introduction to the concepts In our daily lives, we come across these terminologies and tend to think that they mean one and the same thing. However, we must draw [...]
Introduction Suppose you get into a car accident and injure someone else. Bodily injury liability will cover the expenses involved in treating that person. This insurance coverage not only [...]
Salesforce Accelerators are 1-on-1 coaching sessions given by deep knowledge experts. Each Accelerator functions on one particular topic, and length varies from 2-15 hours across multiple weeks. All Accelerators [...]
Introduction to Reinsurance We have already discussed How Insurance Companies Make Profit? But what if there is a situation where an insurance company fails to make profits or a [...]
Introduction to Salesforce A salesforce is a software for online CRM. The salesforce provides the facilities to manage your company and employee relationship. With the help of Salesforce, you [...]
Overview: Amazon Elastic Compute Cloud (Amazon EC2) is a web service that offers a resizable compute capacity on cloud (customer can scale up and scale down the computing capacity). [...]
Introduction In a different blog, How do Insurance Companies make money?, we discussed that Premiums and Return on Investment contribute a major chunk in the profits. In the same [...]
Introduction to the Reserves Insurance companies deal with large and complex claims made against policies that are sold by them. It may often take months, or even years, to [...]
Introduction Insurance companies charge premiums for covering the cost of the risks they insure. After thorough research, they set the premiums at certain levels that make them profitable. However, [...]
Understanding SalesForce Apex Batch Class Salesforce Apex batch is an important concept of batch command processing for complex and long-running processes in an asynchronous manner. The major benefit that [...]
Insurance Companies An insurance company is defined as an organization that provides financial protection and reimbursement of damages to an insured person or an organization according to the policy [...]
