WinsurTech Blog | Insurance Concepts and Practical Solutions

What is the difference between Written Premium and Earned Premium?

Author - Webner
01/30/2020
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5:23 am
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0 Comments
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Insurance
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Post Views: 32,346

Different types of premiums

Insurance companies transfer the risk on to themselves in exchange for a fixed amount charged from its clients called Premium. Just like sales in a retail company is of paramount importance, premiums are the only way Insurance firms make money. In order for an insurance company to be profitable, the premium collected must be more than the claims it might be giving out. Hence the premium rate is calculated based on extensive research and analysis. However, there are many different ways that an insurance company calculates its profits from the premium. The most commonly […]

Functionalities of Azure Storage

Author - Webner
01/28/2020
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5:27 am
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0 Comments
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Cloud
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Post Views: 1,161

What Azure Storage is?

Azure Storage is a cloud storage solution by Microsoft for modern data storage. It stores a scalable object, a file system service for the cloud, a messaging store for reliable messaging, and a NoSQL store.

Different features of Azure storage:

Durable and highly available: It ensures that your data is safe in the transient of hardware failures. One can opt replica of your data for additional protection or natural disasters. In this way, it remains highly available in the event of an unexpected outage.

Secure: Data is encrypted written to Azure Storage […]

Azure Event Grid: introduction and examples

Author - Webner
01/24/2020
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6:11 am
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1 Comment
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Web Development
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Post Views: 3,487

What is Azure Event Grid?

It is a service in Azure, which is used to connect applications together through event messaging. It helps to build an event-based architecture for the application. It sends notifications through HTTP requests and allows you to choose the Azure service or resource that you want to be notified about. These notifications contain events that happen in the publisher. It enables event management like blob storage, functions, logic apps, etc across different Azure resources.

Azure Event Grid is an event managed routing platform that enables you to react in real-time to changes […]

How casualty companies calculate surplus & reserves?

Author - Webner
01/22/2020
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5:00 am
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0 Comments
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Insurance
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Post Views: 1,479

Introduction

Surplus and reserves are integral for any insurance company to run smoothly. There are plenty of ways in which an insurance company makes profits. Of which, premiums and investment are largely the biggest contributors. This is what makes them profitable in the long run and their business sustainable. In the following paragraphs, we will discuss the difference between a Casualty and non-Casualty insurance company, what is surplus and reserves and how do casualty companies calculate these measures?

What is a Casualty Company?

The present insurance industry is said to be divided into 2 major […]

Introduction to WinsurTech AL3Parser, AL3 Web Viewer and AL3Creator

Author - Webner
01/20/2020
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6:16 am
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0 Comments
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Web Development
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Post Views: 1,516

WinsurTech AL3Parser

AL3Parser allows converting AL3/DAT files into JSON and CSV formats. It is a command-line application.

WinsurTech AL3Viewer

AL3Viewer is a Web application that uses AL3Parser on the server-side. It displays AL3 files in a web browser in a readable format. It is a free application that allows viewing the data in different formats like flat view (key-value) and in a tree view (hierarchy). It also allows downloading the AL3 data in CSV, JSON & simplified-JSON formats. To use AL3 Viewer, you just need to upload a file with extension .AL3 […]

Desktop utility to access AWS S3

Author - Webner
01/16/2020
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7:16 am
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0 Comments
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Cloud
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Post Views: 1,719

Part A – Generating AWS S3 User, Access key ID, Secret access key using below steps:-

Login to AWS account using your credentials

Open IAM from services menu as shown below.

Click users from the below window.

Then click add user and choose any name of your choice.

Enter user name and select Programmatic access only & click Next

Select Attach existing policies directly then type s3 in Filter box and then select AmazonS3FullAccess finally click Next.

This step is optional, you can skip this.

Finally, click Create user and user will be created.

You must copy and store key […]

AWS Cloud Storage

Author - Webner
01/14/2020
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9:01 am
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0 Comments
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Cloud
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Post Views: 1,585

AWS Cloud Overview

In today’s world, where business growth is never constant, we need to manage the data expanding rapidly according to the requirements and accept these isolated patches of data from vast sources being used by a number of business professions and applications. Many of these businesses are not able to manage these overflowing pools and struggle with the complexity of these fragmented storage portfolios which slows down the applications and thus the innovation. AWS Cloud Object Storage comes into play here which provides massive scalability, cost-effective storage by breaking silos to store as any […]

Microsoft Azure vs Microsoft Azure Stack

Author - Webner
01/10/2020
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5:29 am
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0 Comments
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Cloud
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Post Views: 1,250

Microsoft Azure

Microsoft Azure is a constantly growing combination of cloud services that are needed by organizations to meet their business challenges. Azure provides us solutions to build, manage and deploy applications on a massive, global network using your favorite advanced tools and frameworks.

Microsoft Azure Stack

Azure Stack is a type of hybrid cloud platform that enables us to use Azure services from any organization or service provider datacenter. We can build an app on Azure Stack and then deploy it to Azure Stack, Azure, or Azure hybrid cloud.

Differences

Services:

How does an insurance company calculate profits?

Author - Webner
01/08/2020
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5:43 am
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0 Comments
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Insurance
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Post Views: 14,236

Outsource your P&C Software to Expert Developers

Introduction

Every business works with the intent of making a profit. The success of every business depends on its ability to constantly earn profits. Profit, in business usage, is the excess of total revenue over total cost during a certain period of time. Profit is equal to a company’s revenues minus expenses. For insurance companies, annually profit margins represent yearly profitability averages. These margins measure how well a particular business company does, over a period of time. From the perspective of insurance companies, profit […]

Amazon Web Services (AWS) Security

Author - Webner
01/06/2020
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5:22 am
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0 Comments
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Cloud
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Post Views: 1,401

AWS security is managed with highly secure network architecture and well-maintained highly secure data centers at different locations globally. AWS security is a very high priority task for the company. Customers can scale and innovate while being in a protected environment.

AWS Security Overview

Infrastructure Security:

AWS provides several services that secure your network transmissions and increase the privacy of your AWS resources. AWS Web Application Firewall(WAF) plays a big role in infrastructure security, as it helps the customers to build their own private network with secure internet protocol rules. AWS WAF allows the […]

Advantages of Azure SQL Database

Author - Webner
01/02/2020
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5:25 am
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0 Comments
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Cloud
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Post Views: 4,354

Azure SQL Database

Azure SQL Database is a relational database provided as Database-as-a-Service, which is a part of Microsoft’s Cloud Infrastructure Platform, Microsoft Azure. It is also called as SQL Azure. It provides database-backed managed service in the cloud with a petabyte-scale infrastructure. It is based on the latest version of the Microsoft SQL Server database engine and also receives timely and frequent updates. It is a fully managed service by Microsoft, so the user just has to provide the data and can be free of managing the infrastructure, security […]

Recover Ec2 Key Pair

Author - Webner
12/30/2019
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5:37 am
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0 Comments
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Cloud
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Post Views: 1,265

We need to follow the following steps in order to recover the SSH key pair:

Steps:

Launch new ec2 Machine(Recovery Machine)
Stop(ShutDown) the first machine(Web server) and Detach the root volume.
Attach the volume with the recovery machine.
Mount the block device and copy the SSH key contents.
Release the volume from the recovery machine.
Reattach the Volume with the first machine(Web server) and log in with new ssh recovery key.

1. Launch new ec2 Machine

Launch a new ec2 machine as a recovery machine but make sure it should […]

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