"Insurance data" refers to the information required for the conclusion and administration of insurance policies. This includes details about insured persons or objects, insurance premiums, insurance terms and conditions, coverage scope, durations, and payment modalities. These details serve to document transactions between insurance companies and policyholders and ensure the coverage and management of insurance policies.
Typical functions of software in the "Insurance data" domain include:
Data management: The software enables the capture, storage, and management of insurance information, including personal data of policyholders, insured objects or persons, and details of insurance policies.
Policy management: The software supports the management of insurance policies, including policy creation, updates, cancellations, and renewals, as well as managing coverage changes or adjustments.
Premium calculation: The software provides features for calculating insurance premiums based on the entered insurance details, including risk factors, coverage scope, and duration of insurance policies.
Document generation: The software allows for the automatic generation of insurance documents such as insurance certificates, policies, insurance proofs, and payment receipts using the entered insurance information.