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ROLE OF IT INSURANCE
METHODOLOGY
This project is prepared with the Combination of theoretical Knowledge as well as
Practical Knowledge and a blend of advices and Suggestion from the Research
Guide of the Project. Various books helped me out in extracting the theoretical
ingredient.
For doing anything right, it is necessary that on follow the correct method
otherwise he won’t be able to achieve his goal properly. Hence how you do things
is very important than have you done the things? & how fast have you done
things? While marking this Project it was while marking this project it was
important to give due importance to the method of Collecting the data for
achieving the goal.
This Project is a research – based Project & the information Presented in the
project is collected with the help of primary & secondary data.
EXECUTIVE SUMMARY
Technology plays a vital role in effortlessly and transparently integrating the
various arms of the company to deliver to the customer and organization the
corporate envisioning. To improve their technical proficiency by upgrading their
information support by developing strong research and development department in
their respective organization. Further, in an era of high customer expectations
constant efforts of increasing services through the use of technology become
imperative (vital). IT has to be used effectively to tap (strike) the potential market.
Information technology provides business value by enabling more efficient
execution of the insurance business capabilities, enhancing the role of protecting
deposits and improving the safety and soundness in our nation’s banking system.
The purpose of this business technology strategic plan is to document the future
technology vision for the insurance and to identify strategic imperatives to achieve
that vision. The plan fuses information technology capabilities and strategies with
the business capabilities and strategies of the insurance.
INDEXCH.NO
CHAPTER NAME PAGENO
1. Introduction 1 - 5- Introduction To Insurance 2-3
- Introduction To IT 4-52. Literature Review 6 – 83. Field Study 9 – 64
- Purpose & Need Of Insurance 10-12- Functions Of Insurance 13-15
- Kinds Of Insurance 16-17- Evolution Of Information Technology 18-20
- The Earlier Business Model 21-22- Application of Information Technology (IT) in
Insurance (The New Business Model)23
- IT Applications In Functional Areas 24-26- IT In The Insurance Sector 27-28- The Role Of IT In Insurance 29
- The Need For IT 30- Insurance & Electronic Commerce – E –
Insurance31
- International Trends 32- Life Insurers On The Web 33
- E – Insurance In India 34-38
- E – Insurance Business Challenges 39-40- Technological Challenges 41-42- Assessment Of Priority 43-44
- Faster Claims Settlement 45-46- Benefits To Policy Holders / Prospects 47
- Benefits To Agents 48- IT Department In a Insurance Company 49-50
- What Will IT Be Like In The Coming Years 51- Future Scenario 52
- Field Study (IT and LIC) 53-55- IT in LIC For Service to Policyholders 56-59
- AIG E – Business Risk Solutions 60-62- Analysis Of Survey Report 63-64
4. Findings, analysis and interpretation
65 - 66
5. Conclusion 67 - 69- Conclusion of project 68
- Suggestions 69
Bibliography 70