WinsurTech Blog | Insurance Concepts and Practical Solutions

What is HOME Personal Insurance (ACORD 80)?

Author - Webner

08/05/2020

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6:01 am

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Insurance

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Post Views: 1,386

Home personal insurance is a class of property insurance. It pays for the losses and damages to an individual’s residence, along with furnishings and other valuable things in the home. Liability coverage against accidents in the home or on the property is also provided by this insurance.

How does HOME Personal Insurance Policy work?

Every home insurance policy has a liability limit that determines the amount of coverage the insured should receive when an unfortunate incident occurs. This insurance policy covers usually four kinds of incidents on the insured property. These are—interior damage, exterior damage, loss […]

What are the benefits of Azure DevOps services?

Author - Webner

07/31/2020

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5:41 am

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Uncategorized

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Post Views: 1,367

Introduction

Purplish DevOps gives unequaled cloud-based assistance that incorporates flawlessly into your business to streamline your inward DevOps forms. What kind of advantages does it offer that you don’t as of now have? We should investigate.

Searching for solutions

Purplish DevOps offers your business the open door for unparalleled development across the board advantageous arrangement. The general dependable guideline is that on the off chance that it sounds unrealistic, that it is, however, Azure DevOps Service is the exemption to the standard. With a smoothed out work process approach and various instruments to assist […]

What kind of MEDICAL STATEMENT is required in Auto insurance?

Author - Webner

07/29/2020

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5:59 am

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Insurance

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Post Views: 1,127

Introduction

When anybody wants to purchase any health-related policy from an insurance company, the insurance company needs to know how healthy the person is at the time he/she signs the policy. The insurance companies figure this out through a process called underwriting, during which the customer has to take a medical exam and submit a medical statement about the current health and medical history.

The higher risk pose, the higher the premiums are being compared to a healthier person receiving the same amount of coverage. In some cases, the health may indicate too high of risk […]

Azure Active Directory – Identity Management and Access Control Security

Author - Webner

07/27/2020

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6:19 am

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Cloud

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Post Views: 808

Azure Active Directory

Azure Active Directory provides a universal identity platform for your business. It is a cloud-based identity and access management system. It helps in the sign-in of your employees easily and accesses the resources in SaaS applications such as Office 365, Azure portal, and also into internal resources, like an intranet or other cloud services developed by your organization. Azure Active Directory is intended for App developers, IT Administrators, and Office 365 subscribers.

It can be used to add a single sign-on to your app which allows you to work with pre-existing […]

What Is a Policyholder Surplus? How is it calculated?

Author - Webner

07/23/2020

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6:04 am

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Insurance

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Post Views: 3,829

Policyholder Surplus

If we subtract liabilities of a policyholder-owned insurance company from its assets, we get the Policyholder surplus. The financial strength of a company can be determined through its Policyholder surplus as it indicates the financial ability of a company. If an insurance company needs to pay a higher than expected amount of claims, this surplus serves as an additional source of funds other than the company’s reserves and reinsurance. In the case of a publicly owned insurance company, the Policyholder surplus is known as shareholder’s equity.

While building the simple letter ratings ranking […]

What are the various channels of distribution of Insurance products in the US?

Author - Webner

07/21/2020

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6:22 am

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Insurance

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Post Views: 36,485

* Outsource your P&C Software to Expert Developers

Insurance distribution Channels:

Distribution is the process of delivering your products or services into your target markets. Distribution channels are key to success for all insurance companies. They ensure that products and services provided by insurers reach target customers in the most linear and cost-efficient manner. A variety of distribution channels with various strategies and positions are available in the market. Distribution channels are divided into the following two types:

Direct channels:

These channels make direct contact between insurers and customers. In […]

What does BILL OF SALE mean in Auto insurance?

Author - Webner

07/17/2020

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6:24 am

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0 Comments

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Insurance

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Post Views: 2,380

Introduction

A bill of sale is a document that signifies a person or organization has sold goods to another person or customer. It is regarded as a legal document and can be used as valid proof in all legal matters. It also signifies that the ownership of goods has been transferred to another party.

In simple terms, the bill of sale is like a receipt that can be used as proof to signify a sale. It is required that the party who is purchasing a car or any other asset should make sure that the bill of sale […]

Update Record Type Assignment For Chatter Profiles

Author - Webner

07/15/2020

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5:55 am

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0 Comments

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Salesforce

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Post Views: 2,023

Introduction

While creating record types in SalesForce, sometimes we do not want to give access to a few profiles. But somehow we have given the access of record type to all profiles. Now if we want to revoke permission of record type from some profiles, we can update Record Type Settings by opening profiles. But if we want to update these settings for Chatter profiles. We can not do this directly with a Chatter profile.

To change the record typesetting for chatter profiles

We have to use some URL hacks to change the record typesetting for […]

What is the SYMBOL Age Group in Auto Insurance?

Author - Webner

07/13/2020

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5:44 am

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0 Comments

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Insurance

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Post Views: 2,008

Introduction

SYMBOL are the age groups that Insurance agencies use to assess the premium they will be charging from their consumers. This is mainly done for comprehensive insurance policies where the insurance company typically pays for the cost of repairing or replacing a vehicle if anything happens (stolen or damaged or any natural force ending up damaging the vehicle). However, we should note here that insurance companies suggest that typically comprehensive insurance is required in addition to the Collision Insurance when financing a vehicle. Because Collision insurance covers the damage in the incident of colliding with any other […]

What does GOOD STUDENT CERTIFICATE mean in Auto insurance?

Author - Webner

07/09/2020

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6:00 am

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0 Comments

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Insurance

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Post Views: 1,769

Introduction

Car insurance costs tend to be higher for teenage drivers. This is because young drivers are calculated to be at a higher risk in the first few years they’re driving. Both high-school and even college students between the ages of 16 and 24 are considered as risky drivers. But what about a magical auto insurance discount that can help to save money on a student’s or young adult’s auto insurance?

Many insurance companies provide a discount to young drivers on auto insurance policies who earn good grades in school or college. The good […]

What is the rating territory code (TERR) in Auto Insurance?

Author - Webner

07/07/2020

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6:58 am

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0 Comments

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Insurance

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Post Views: 5,555

Introduction

Insurance companies run on the predictions made by the actuaries and data-backed information. They make profits only if they get more premiums than the insurance claims filed by the public. They are allowed to use certain criteria based on what they think would be suitable for them. So, if any particular area in a given territory is forcing them to incur losses, they are free to charge more in terms of premiums and be profitable again. However, this has been the bone of contention between insurance policymakers and law but they seem to have won the […]

What is Other Than Collision (OTC) in Auto insurance?

Author - Webner

07/03/2020

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5:24 am

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0 Comments

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Insurance

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Post Views: 3,740

Introduction to OTC in Auto insurance

Other Than Collision(OTC) coverage in an auto policy is also referred to as comprehensive coverage. The name of this coverage makes its definition more clear because it covers almost all other physical damage that can occur to a vehicle other than collision. Collision refers to the damage suffered by the vehicle when the vehicle is in motion. This damage may be happened by an object or other vehicle in a road accident. It does not matter who is at fault in the accident that damages the insured vehicle; the owner of […]