Insurance Archives

The difference between an insurance writing company and the parent insurance company

Author - Webner
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Parental Insurance Company:

A parent insurance company is an entity that is the overlooking entity for one or multiple subsidiary companies. These subsidiary companies can be totally independent or partially independent of the parent company. The purpose is to create smaller entities focused on a well-scoped area Read more…

Liability Coverage in Insurance

Author - Webner
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If you cause an accident on your property or someone is wounded on your land, you may be held legally responsible for the resulting costs, such as medical or legal bills. Liability coverage can shield you against these types of costs, which is why it’s important to know the Read more…

Types of coverages associated with Auto Insurance

Author - Webner
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If we are looking to buy a new vehicle or for auto policy then we should be aware of the types of coverage available. If we met with a vehicle accident then insurance coverages protect us, our passengers, and our vehicle.

Auto liability coverage, uninsured and underinsured motorist coverage, comprehensive Read more…

The Top 5 Benefits of Comprehensive Car Insurance

Author - Webner
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A comprehensive motor vehicle insurance policy protects your motor vehicle from any unlooked-for event except a collision. It covers the loss during an accident. Let’s take a look at the other benefits of this. As per the Motor Vehicle Act, third-party insurance is mandatory and you must Read more…

Free Look Period in various Insurance Policies

Author - Webner
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A policyholder is provided a free look period during which he or she can analyze and review the policy document. If you are not pleased with the policy’s inclusion and exclusion provisions as stated at the time of purchase, you can cancel it during the free look period. A Read more…

Common Payment Plans in P&C Insurance

Author - Webner
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Term insurance is a basic product that is simple to follow. A term insurance policy’s coverage can be extensive, and the premium for such a policy is reasonably priced. As a result, such a product should be the backbone of any financial portfolio because it provides exceptional protection. This Read more…

What is the National Producer Number and who assigns it?

Author - Webner
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National Producer Number:

NPN is a unique NAIC identification number that is assigned through the National Association of Insurance Commissioner’s which is used to track individuals and business entities. It is assigned through the license application process.

The National Insurance Producer Registry (NIPR) was established in October Read more…

Insurance Endorsement

Author - Webner
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Insurance Endorsement?

An endorsement is a policy modification that can be made throughout the policy’s term without having to renew it. As a result of the endorsement, your premiums may change. They’re commonly found in property and casualty insurance plans. Health and life insurance coverage can Read more…

What Role Does Insurance CRM Play in Agency Management?

Author - Webner
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Agency management software, according to the definition, is a digital solution that enables life, health, and property & casualty insurance agencies to automate their day-to-day duties and increase the efficiency of their operations. The new-age insurance CRM software has been developed to meet the needs of insurance agencies Read more…

Query Plan in Salesforce

Author - Webner
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The Query Plan tool within the Developer Console can help speed up SOQL queries done over large volumes. Use the Query Plan tool to optimize and speed up queries done over large volumes.

Enable and Use the Query Plan Tool

In the Developer Console, click Help | Preferences
Set Read more…

Introduction to Cash Flow Statement

Author - Webner
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Cash Flow Statement
Cash Flow Statement is one of the types of financial reporting statement. Cash Flow Statement includes all the transactions of cash whether it is cash given to others in the form of Cash Disbursements or cash coming from the others in the form of Cash Read more…

Mapping signature image to ACORD FORM

Author - Ashish Gautam
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Mapping signature image to ACORD FORM

In most of the ACORD forms we’ve Authorized signature box in which we fill the name of some Authorized person and we can also map the signature image of the person along with the text name of the authorized Read more…

Why Hadoop and Big Data are getting popular

Author - Webner

Surprisingly, over 90% of the data in the world today has been created only in the last couple of years. With the revolution in mobile industry, social media networks, sharing of digital photos and videos online we are continuing to grow the world’s data at lightning speed. To manage Read more…