Page 315 - DMGT303_BANKING_AND_INSURANCE

Banking and Insurance

Notes Self Assessment

Fill in the blanks:
10. The recent bomb blasts in Jaipur, Bangalore and Ahemdabad and 26/11/08 incident of
............................ have put the entire nation under threat.

11. People whose work is more .............................. in nature, such as lawyers, accountants,
teachers or the self-employed are regarded as normal risk by the insurers.
12. If a person becomes partially disabled to perform his tasks, it is called ........................
disability.
13. Accident insurance is a form of ............................ insurance against loss by accidental bodily
injury.
14. According to experts, for people below ............................. years of age, the risk of accident
is much higher than of health problems.

Task Discuss the motor insurance coverage(s) provided by ICICI Lombard insurance
company. What are the differences if any between motor cover of this company and motor
cover provided by United India Insurance Company?



Case Study Heungkuk Fire & Marine Insurance Company

Enterprise Data Platform Makes BI Tools Available to All Employees
and Cuts Costs

Situation

Based in Korea, Heungkuk Fire & Marine Insurance Company offers fire, marine,
automobile, health, and other types of insurance. Heungkuk also provides mortgage and
other loans.
For several years, the company has been planning the development of its next-generation
core banking system, a project that is set to begin in 2011. During this planning, Heungkuk
decided that the project should not only strengthen and extend its existing systems and
processes, but also help the company obtain new value from its data.
"In our industry, it is more common to develop and deploy core banking systems before
improving enterprise information systems," says Dong-soo Woo, Head of IT Planning for
Heungkuk. "We decided that we wanted to take the unusual step of first changing how we
use information."

Woo continues, "Since the mid-2000s, we have noticed an increasing volume of data that
underlines the need for data centralization and high-quality business intelligence
information." For example, the proliferation of smartphones and tablet computers has
resulted in a significant increase in the traffic of non-structured data that the Heungkuk IT
environment must handle.
Contd....

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