WinsurTech Blog | Insurance Concepts and Practical Solutions

Devops

Author - Webner
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8:55 am
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AWS DevOps

Overview:
DevOps is a combination of two different words. Dev is related to “software application developments”, and Ops is related to “IT operations”, which helps organizations to integrate developer and operation teams in order to improve collaboration. It also improves productivity by automating infrastructure and automating workflow and continuously measuring the application performance.

Three Phases of DevOps:
DevOps is implemented in three effectives phases mentioned below:

Phase 1: Automated Testing

Phase 2: Continuous Integration

Phase 3: Continuous Delivery

Automated Testing:
Quick method and automated testing are the fundamental functions of […]

Azure Autoscale

Author - Webner
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9:36 am
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Azure Autoscale

Scaling is a feature of the system to the change according to the amount of workload or traffic to the web application. Autoscale is the best features of Azure service according to the demands of the application usage.

Basically, increasing or decreasing the resources for application is called scaling. The instance is created each time a web app is deployed. Creating the instance means assigning a server to that application. Increasing the instance means adding up the servers assigned to that application. The scaling is done by creating more instances which are called scaling […]

Insurance Endorsement (Policy Change)

Author - Webner
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11:11 am
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Insurance Endorsement (Policy Change)

An insurance endorsement is a policy change which amends the existing insurance contract which changes the terms or scope of the original policy. An insurance endorsement can add, delete, exclude or otherwise alter coverage of the policy. An insurance endorsement will be issued in the middle of the policy term. It is a legally bound amendment to the policy.

Purpose
An insurance endorsement is a policy change which offers options to insureds to add coverage or increase coverage limits, but insurers may also issue special endorsements to limit or restrict […]

Purpose of Homeowners Insurance and What All It Covers?

Author - Webner
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9:06 am
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2 Comments
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What is the purpose of Homeowners Insurance and What All It Covers?

Homeowner’s Insurance
Homeowner’s Insurance is a common expense related to owning your own home but many new homeowners don’t know what all a homeowner’s insurance covers. Perhaps more importantly, homeowners are unaware of the limits of their policies and find themselves helpless when they need the coverage. Important decisions can be made about protecting your property and cutting unnecessary expenses if you have information about what your homeowner’s insurance covers and what it does not.

Homeowners insurance […]

What is an Umbrella Policy?

Author - Webner
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12:05 pm
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1 Comment
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Umbrella Insurance Policy

What is the meaning of an Umbrella Insurance Policy?
An additional liability insurance coverage that provides a backup when the limits of the insured’s home, auto or watercraft insurance are exhausted is called an Umbrella Insurance Policy. People who are at risk of being sued for damages to other people’s property or injuries to other people due to an accident, get an additional cover of security in an Umbrella Insurance Policy. It also provides protection in case of libel, vandalism, defamation and privacy invasion. Coverage not included in a […]

How Online Insurance is affecting the insurance industry in US

Author - Webner
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10:53 am
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2 Comments
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Introduction

Term insurance without any doubt is one policy every family needs to have thanks to the combination of low premium outgo for a decent high-value cover. Post the emergence of e-commerce, financial products too are being made available online and that too with great ease. So in case if one wants to go for a term plan, they have the option of doing it the online way. Buying a term insurance plan online is the cheapest way to buy insurance as it not only saves your time and also money. There are some […]

Purpose of Workers’ Compensation Insurance and What All it Covers?

Author - Webner
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12:02 pm
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Purpose of Workers’ Compensation Insurance and What All it Covers?

Introduction
Workers’ compensation insurance is an insurance type which provides wage replacement and medical privileges to employees injured in the period of employment in exchange for the compulsory surrender of the employee’s right to sue their employer for the tort of carelessness. Workers’ compensation is commonly known as workers’ comp. Workers compensation insurance protects your workers and employer’s business from the workplace or work linked accidents, sicknesses, and also death. Almost every country requires that employers have insurance to cover medical costs […]

Explain Alternative Markets and multiple terms

Author - Webner
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9:59 am
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0 Comments
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1. Alternative Markets:
A term regularly utilized in hazard financing to allude to one of various hazard subsidizing procedures (e.g., self-protection, captive) or offices (e.g., ACE, XL) that give inclusions or administrations outside the domain of that given by most conventional property-casualty (P&C) back up plans. The elective market might be used by huge companies, for instance, to give high cutoff points of inclusion over huge self-insured retention (SIR), or by littler substances taking an interest in a risk retention group (RRG) or gathering hostage program. Note that the refinement among customary […]

Define and differentiate: Copay and Deductible

Author - Webner
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8:57 am
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Copay vs. Deductible: An Overview

Copays and deductibles are both features of health insurance plans. They involve payment on the part of the insured, but the amount and the frequency are different. A copay is a fixed amount paid by a patient for receiving a particular health care service, with the remaining balance covered by the person’s insurance company. A deductible is a fixed amount a patient must pay during a given time period, usually a year, before their health insurance benefits begin to cover the costs. Generally, plans that charge lower monthly premiums require […]

Define and differentiate: Coinsurance, Reinsurance

Author - Webner
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8:47 am
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What is CoInsurance?

Coinsurance is the amount, generally expressed as a fixed percentage, an insured must pay against a claim after the deductible is satisfied. In health insurance, a coinsurance provision is similar to a co-payment provision, except co-pays require the insured to pay a set dollar amount at the time of the service. Some property insurance policies contain coinsurance provisions. Coinsurance also applies to the level of property insurance that an owner must buy on a structure for the coverage of claims.

Breaking Down CoInsurance
One of the most common coinsurance breakdowns is […]

P & C Insurance Industry Overview in USA

Author - Webner
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1:17 pm
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0 Comments
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P & C Insurance Industry Overview in USA

Property and casualty insurance is a wider term which includes many types of insurance. The term property and casualty insurance include two primary coverage types namely property protection and liability coverage.

Property Insurance
Property insurance is relatively easy to explain. It covers many types of insurance which are meant to cover property losses/risks that we face or may face when things we own gets damaged or destroyed. There are three common types of property loss – Loss of or damage to the article itself, loss of income […]

Difference between Personal Lines and Commercial Lines in Insurance

Author - Webner
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11:53 am
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Introduction

Property/casualty insurance can be countermined into two major categories: commercial lines and personal lines. Personal lines, as the term suggests, includes coverages for individuals- vehicles and household insurance. Commercial lines, that accounts for almost half of U.S. property/casualty insurance premium, includes the many kinds of insurance products designed for businesses.

Commercial and business insurance performs a vital role in the world economy. Without it, the economy would not function properly. Insurers primarily protect the economic system from failure by considering the risks intrinsic in the production of goods and services.

In the US itself […]

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