winsurtech

[winsurtech]

AWS security is managed with highly secure network architecture and well-maintained highly secure data centers at different locations globally. AWS security is a very high priority task for the company. Customers can scale and innovate while being in a protected environment.

[winsurtech]

Insurance companies transfer the risk on to themselves in exchange for a fixed amount charged from its clients called Premium. Just like sales in a retail company is of paramount importance, premiums are the only way Insurance firms make money. In order for an insurance company to be profitable, the premium collected must be more than the claims it might be giving out. Hence the premium rate is calculated based on extensive research and analysis. However, there are many different ways that an insurance company calculates its profits from the premium.

[winsurtech]

A personal auto policy also known as PAP is an insurance policy that is purchased by a vehicle owner to provide insurance coverage for damage or injury to others, in the form of liability insurance. Along with the liability coverage, it can also provide coverage for injuries or damages to the insured. Personal auto insurance policy is a contract between the vehicle owner and the insurance company that protects the owner against financial loss in the event of an accident or theft. The name of the policy clarifies that only personal motor vehicles that are not primarily commercial are covered by this policy.

[winsurtech]

Salesforce Apex batch is an important concept of batch command processing for complex and long-running processes in an asynchronous manner. The major benefit that we get from the Apex batch class is that we can overcome the SalesForce limitation of SOQL queries (total number of SOQL queries governor limit for synchronous operations being 100 and asynchronous operations being 200) that are executed in a single run. We can perform the manipulation of records in batches.

[winsurtech]

A mortgage is defined as a loan from a bank or other financial institution that helps a borrower to purchase a property. The borrower and the lender(usually a bank) enter into an agreement. According to this agreement the borrower receives cash in advance from the bank(or lender) then makes payments over a set time span until he/she pays back the lender in full. A mortgage is usually referred to as a home loan when it is used for the purchase of a home. The guarantee for the mortgage loan is the home itself. It means that if the borrower doesn’t make monthly payments to the lender and defaults on the loan, the lender can sell the home and recover the money.

[winsurtech]

An insurance company is defined as an organization that provides financial protection and reimbursement of damages to an insured person or an organization according to the policy agreement. These companies provide insurance by collecting premiums from policyholders and ensure those policyholders to cover the losses if they suffer during the policy period. Because of the nature of their policies, an insurance company must perform common functions that are unique in providing its services, underwriting, loss adjustment, and investment.

[winsurtech]

Commercial package policy commonly known as a CPP is an insurance policy that is designed to protect a business from various types of commercial risks. It combines coverage for multiple risks, such as liability and property risk in a single policy. Under a CPP, a business owner may combine several types of coverages and pack them so that they cover the specific risks that a business may be exposed to.

[winsurtech]

Create a Project in VS Code: Open command palette using Ctrl+Shift+p keys and then select “sfdx: create a project with Manifest” (as shown in below image) and click enter. Write the Project name and select a folder to which you want to store this project.

[winsurtech]

As we all understand that bulk buying in day to day purchases can save our money, but did you know this methodology also works on your car insurance? Many auto insurance providers can offer 10 to 20 percent discounts on the policy if a customer adds more than one car to the same policy. A multi-car policy can be defined by an insurance policy that bundles all the policies for the different cars with one insurer so they’re held together separately.

[winsurtech]

It is a service in Azure, which is used to connect applications together through event messaging. It helps to build an event-based architecture for the application. It sends notifications through HTTP requests and allows you to choose the Azure service or resource that you want to be notified about. These notifications contain events that happen in the publisher. It enables event management like blob storage, functions, logic apps, etc across different Azure resources.

[winsurtech]

A questionnaire is defined as a research instrument devised for the purposes of a survey or statistical study. Generally, it consists of a series of questions for the idea of gathering data from respondents. The behavior of drivers plays a key role in road safety as it is important in traffic accident prevention. Therefore, to understand the behaviors of drivers, driver questionnaires are required. By answering different universal questions related to driving, they will give an estimate of the various driving patterns of people of a selected area.

[winsurtech]

The Salesforce Partner Community is a platform that is built and maintained specifically for Salesforce partners. It is used by partners to manage their business, learn best practices, get support, and engage with Salesforce employees in a safe and secure environment. In Salesforce Partner Community, you can find useful articles, webinars, and events that can give you ideas on how to expand your business. You can also get in touch with other Salesforce partners and Salesforce employees who can work with you.

[winsurtech]

Single limit liabilities are the insurance policies that may have combined single limits. It states a single dollar limit that would apply to any combination of property damage liability, bodily limits as compared to split limits where separate dollar amount applicable to each accident that varies from per person, per occurrence of persons injured or property damage that is the result of an accident.

[winsurtech]

In another blog, we have already discussed the liquidity ratio for an insurance company and how we can measure it. The liquidity ratio of a company shows the ability of a company to turn its assets into cash. This ratio is used to compare the financial performance of insurance companies and also used to determine how profitable a company is from year to year. Investors and creditors use this ratio to observe the potentiality of an insurance company before investing in it.

[winsurtech]

An insurance company requires a lot of customers to become successful. The basic earning of insurance companies holds on the premiums paid by the insured parties. In this concept, the insured person or organization receives financial protection and reimbursement of damages for uncertain future events from the insurer or insurance company. Meanwhile, the insured or the policyholder pay a smaller premium to the insurer in exchange for that protection on an uncertain future occurrence. An insurance company must have an effective marketing system to sell its policies and survive as a going concern.

[winsurtech]

Sales Cloud, a part of the SFDC platform which mainly focuses on improving the output of the sales team of an organization and hence increasing the sales. It is one of a kind that is better as compared to other sales methods, as it provides both the account information of the customer as well as the data gathered from the social platforms about the product and customer. It helps in determining the potential of a sales lead and closing the sales faster.

[winsurtech]

Commercial auto insurance policy is needed by a business that requires a vehicle for its operations. This policy protects small businesses when their vehicles are involved in a collision or are stolen, vandalized, or damaged. It also provides financial support to repair or replace the vehicle and covers related medical costs and third-party property damage. The premiums are higher for commercial auto insurance policy as compared to the standard motorist policy. The reason behind higher premiums is that the vehicles for business purposes are often more susceptible to risk.