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