WinsurTech Blog | Insurance Concepts and Practical Solutions

What can be done with Azure Functions (serverless architecture)?

Author - Webner
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6:32 am
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Introduction

In the world of serverless computing, the Azure functions act as modern serverless architecture. It helps in delivering cloud computing and configures to comply with application development. Through Azure functions, we can author and execute snippets of code in the cloud without the hassle of managing the web servers and containers. It lets us run small pieces of code and makes developers bother free about the infrastructure of the platform on which it is executed.

By using Azure Functions, we can call Function-as-a-Service which eliminates infrastructure considerations for the developer. Even they can be […]

Profitability Ratios For Casualty Companies

Author - Webner
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6:27 am
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Introduction to Profitability ratios

Profitability ratios are defined as a set of financial metrics that are used to evaluate a business’s ability to make profits relative to its revenue, operating values, balance sheet assets, and shareholders’ equity over time by using the data from a specific point in time. In simple words, with these profitability ratios, insurance companies generally compare numbers from their financial performance to determine how profitable, effective or liquid their businesses are, in certain areas, from year to year. These ratios also allow the insurance companies to compare with their competitors across the street […]

Salesforce Reports

Author - Webner
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7:02 am
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Introduction to Salesforce Reports

A report is an important part of any business. It provides a clear view of the management. An administration uses the reports to trace improvement towards its different goals, control expenses and increases profits. In Salesforce, we can easily create reports in different styles.
Reports can be created using a few clicks in a short time. We can also schedule the Salesforce reports.

There are basically four types of reports that we can create:

1. Tabular: It is used for listing a simple collection of data without any subtotals. This provides us […]

Push Data From Mautic To Salesforce

Author - Webner
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6:29 am
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Pushing records from Mautic to Salesforce using Segments and Campaign

Below are the steps to push specific records (using filters) from Mautic to Salesforce:

Create Segment
Segments are the list of Contact records. Click on the segment tab and then click on the New button to create a new segment. The following window will open:

There are two tabs –

Details:- Here, we can add the Name, Alias, and Description of the Segment as shown above image.
Filters:- In this tab, we can add multiple filters in order to add specific contacts (which matches these filter criteria […]

Creating AWS Lambda function using AWS Command Line Interface (CLI)

Author - Webner
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7:23 am
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AWS Lambda function & CLI

Apart from using the AWS Lambda console directly to create or update the functions, AWS provides a very easy way to do the same stuff using Command Line Interface (CLI) as well. In this blog, we’ll learn the process to create a new Lambda function written in Java using CLI commands. There are a few prerequisites which you need to fulfill before moving on to create the function, such as you must have some knowledge of basic Lambda operations and must be aware of using Lambda console. Also, you will need a […]

WinsurTech AL3 Parser | Convert ACORD AL3 to JSON, Excel, CSV, PDF Formats

Author - Webner
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2:36 pm
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Overview (Online Demo)

WinsurTech AL3 Parser is a command-line translater application that converts the ACORD AL3 format file to JSON, CSV and PDF formats. The latest version of the Parser is using the latest ACORD AL3 Standard 2019 groups and elements information. WinsurTech is an ACORD Member. WinsurTech AL3 Parser is a standalone library (supported for both Windows and Ubuntu) that can be invoked from the command line or through a program written in any programming language like PHP, C#, Python, NodeJS, Ruby or any other. AL3 parser is an optimized AL3 to the multi […]

How do Insurance Companies make money?

Author - Webner
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6:16 am
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Introduction

Everyone knows that change is the only constant in this unpredictable world that we live in. But human beings have evolved themselves by getting familiar with the surroundings. As a result, they either try to repel the change that inhibits their basic functions or adapt themselves to it. In an environment that is run by the mighty nature, we are still at its mercy. To avoid any unprecedented circumstances, (be it an earthquake, accident, terminal illness, etc.) that can affect our livelihood, insurance was invented.

What is Insurance?

Insurance is a shared bond between the […]

Different Classes Of Insurance

Author - Webner
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7:13 am
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Introduction to Insurance and Classes of Insurance

Insurance policy is a contract in the form of a policy that binds one party to cover the risks in exchange for time-bound premiums decided preemptively. The insurance companies generally pool the money collected from its customers and make profits on the probability that the claims made against premiums submitted would be always lesser. In this way, the insurance companies work on the principle of charging more premiums than the possibility of the claims made against it.

Having discussed what an insurance company is and how they make profits, we […]

Salesforce Health Cloud

Author - Webner
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7:13 am
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Salesforce Health Cloud is a health IT CRM system that helps the doctor to take care of patients’ records and access data in a simple manner.

REQUIRED EDITIONS

Health Cloud (as of today) is available in Salesforce Classic and Lightning Experience. Available in: Enterprise, Performance, and Unlimited Editions

Health Cloud Architecture Overview

Health Cloud helps to take care of records of patients which mixes data of the patients from multiple information sources, as well as electronic medical records (EMRs), medical devices and wearables. It is a part of the system, personal communities, that allows secure collaboration […]

What is the Expense Ratio for an Insurance Company?

Author - Webner
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6:33 am
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Introduction to Expense Ratio

Providing financial security to its consumers is the ultimate aim of an insurance company. However, sustaining its own capability to finance its customers becomes its priority. To measure the financial sustainability, insurance companies use various different methods and techniques. Among them, the Expense Ratio serves as the ideal measure providing clarity on the logistics. Signifying the efficiency of an insurance company and measuring its profitability, the expense ratio gives a clearer picture of the financial aspects of the company.

Calculating Expense Ratio

There are generally two ways by which companies calculate the […]

Lightning Visualforce Page Redirection Refresh Issue

Author - Webner
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5:50 am
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Introduction

Lightning Experience is a next-level experience in Salesforce and has a major improvisation in functionality, usability, and speed for every user type. You can use aura components and apps to fulfil your requirements in lightning but as there are pros of lightning, there are still some bugs in it. One of them is – the lightning record doesn’t show the refreshed data after redirection from a visualforce page. So a solution for it is creating an empty aura component and add the “refresh View” function in it so that whenever the page is opened the aura […]

Amazon VPC

Author - Webner
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5:09 am
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Amazon VPC Overview:

Amazon VPC is a Virtual Private Cloud that provides you virtual private network where you can launch your AWS resources (such as EC2 instance) for your web applications and development. Amazon virtual private cloud is a logically isolated section of the AWS cloud which is dedicated to your AWS account.

VPC Resources:

Subnet: It is a range of IP addresses in your VPC, Where user can launch their resources such as EC2 instances within a defined IP range in the VPC.

Route Tables: These tables contain a set of rules which define the […]

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