Daily Archives: January 21, 2018

Archive of posts published in the specified Day

Jan
21

How to Get Insurance Leads That Will not Waste Your Time

The key to being a successful insurance agent is to know how to get insurance leads that are better then average leads. As well as getting leads that are profitable and add to your customer base and clientele. The successful insurance agent that uses these types tools to his or her disposal will save time and make more money.

So how do you increase profits and save time with insurance leads?

Getting insurance leads from an online insurance company or online source cuts down on the amount of time that you spend searching for your own leads. When you search for your own leads you take up valuable time which you could be using to sell insurance policies. Being an insurance agent does not mean the you have to spend your entire life on a phone. Would you not yet have the ability to earn more money and sell more policies?

You could spend hours calling people and never have a guaranteed result for the time and effort you put into those calls. Or you could spend some money to make more money. Any business needs money to make money. If you're serious about being an insurance agent then you might have to take this avenue to save you more time.

How to get insurance leads that pay off and that are profitable is commonly asked by insurance agents everyday. Thousand of agents search the net looking for free leads when in fact most free leads are stale and are a waste of time.

To succeed as an insurance agent using online sources to gather leads for you is the most practical and time efficient way to gather leads. The real key to success is to have someone else do your work. …

Jan
21

Business Analyst in Insurance Domain

The right balance of information and technical know how is needed for a Business Analyst to successfully complete his job in any sector. This dictum applies to the Insurance sector as well. A Business Analyst should be well versed with the information that is needed for any Insurance professional to work in the Insurance domain. Since he has to analyze the processes and then help in the development of essential software for the projects in the Insurance sector, he needs to have both – the information required of an Insurance professional and the technical knowledge required for the establishment of software designed for this sector.

Insurance as is known is generally divided into three major divisions: Life Insurance (dealing with safeguarding life and the risk of mortality and critical illnesses), General Insurance (dealing with the risk of damage to immovable property, motor, cargo, marine, household, and fire insurance), health insurance (dealing with risk of illness and disease, and thus covers reimbursements, medical claims, operation of panel doctors, cashless hospitalization, co payment etc.) The level of knowledge and range required is different in each stream and hence a Business Analyst has to have a certain demonstrable understanding of the workings of the particular streams in the sector and also desirably, adequate level of experience in the sector.

Functional Knowledge of Insurance applications is also essential, like new business, channel management, policy serving, claims management, underwriting, reinsurance and finance. Along with knowledge of the business processes of the particular client company, a brief and thorough understanding of the requirements given by the regulatory authority of the Insurance industry is also mandatory. The terminology is varied for the Insurance sector, with changes even within the sector, for the different streams of the sector. Knowledge of these unique terminologies will help the Business Analyst to understand the client who is the end user's expectations and he will be able to draft them better into requirements efficiently.

Once functional requirements are known, the technical knowhow is also essential for any good Business Analyst to communicate to his software developer's team about the client user's expectations from the project. The Business Analyst should be aware of the basic MS Office tools such as MS Word, MS PowerPoint, MS Excel, MS Access, and MS Project.) These help in collating data and presenting it in proper format. Then knowledge of relational databases is also important for understanding the technicalities of Querying and Support. Basic programming languages ​​that are used by software developers should also be known to the Business Analyst so that he can understand the developer's problems or point of view. These programming languages ​​could be ASP, Dot Net, JAVA, J2EE, XNL, HTML etc. In addition to these, knowledge and experience in insurance business applications, content management systems, portals, data warehousing tools can give any Business Analyst that extra edge over others standing next to him.

Thus, it's quite clear that a Business Analyst in the Insurance domain needs to know both sides of the coin – …