Team2Tech - PowerPoint PPT Presentation
1 / 10
Title: Team2Tech
1
Team-2-Tech
- Matt Sayers
- Abbey Souders
- Ted Wamelink
- Brandon Schaedlich
- Steve Sprengard
2
Analysis of the Auto-InsuranceIndustry
- Insurance Companies are generally separated into
3 departments - Claims Department
- Responsible for handling claims against the
company. - Insurance Agents
- Specialize in dealing with the public, and
gathering information regarding clients.
Responsible for selling policy - Underwriters
- Select risks for insurance, and determine what
amounts and on what terms the company will accept
client.
3
New Business Procedure
- Insurance Agent takes down customer information
- Name, address, DOB, SSN, DLN, and make, model,
and year of vehicle. - Insurance Agent gives quote
- Customer is given several quotes based on
collision, liability, and comprehensive
insurance. - Customer completes application
- Insurance company requires copy of title, drivers
license, and vehicle registration. - Insurance Agent explains terms of coverage
- The price of a policy is based on the customers
exposure. - Coverage begins immediately
- Customer must pay for at least one month up
front.
4
Auto Insurance Terms
- Liability
- If you are at fault in an accident, liability
insurance will pay for the bodily injury and
property damage expenses caused to third parties
in the accident. - Collision
- If you cause an accident, collision coverage will
pay to repair your vehicle. - Comprehensive
- Comprehensive coverage will pay for damages to
your car that weren't caused by an auto accident. - Exposure
- Your exposure is the chance that you will be
involved in an accident.
5
Problems with the Process
- The different departments within the company are
not directly connected. This prevents them from
efficiently working together. - The three departments often do not have matching
information regarding the same customers. - Once a customer switches insurance companies that
customers claims history is lost.
6
Our Solution
- A data warehouse can be implemented into your
systems, allowing your company to have better
communication between departments. - This will improve the Performance Measures
(Effectiveness and Efficiency) that your
companys reputation is built on.
7
Data Warehouse
- A data warehouse is a central repository for all
or significant parts of the data that an
enterprise's various business systems collect. - Data is selectively extracted and organized on
the data warehouse database for use by analytical
applications and user queries. - Typically, a data warehouse is housed on an
enterprise mainframe server. - Mainframe is an industry term for a large computer
8
Costs of Services
- Product Training 2,000 per day Expenses
- Installation 1,800 per day Expenses
- Installation takes about an average of three
months - Consulting 1,500 to 2,500 per day Expenses
- Based upon complexity of problems
9
Human Resource Impact
- Technicians will be hired for system maintenance
and repair - Employees will be more effective and efficient
within the company. They will spend less time
tracking down information about various customers - Change management will be implemented to ease the
effects of change on the company - Individual- Current employees will undergo mild
training in the proper use of the system - Organizational- Direct contact within the company
will be established
10
Benefits of Solution
- Qualitative benefits
- Faster processing time
- More efficient communication between departments
- More accurate customer information
- Quantitative benefits
- Indirect increase in new business
- Higher ROI for the company
Recommended
CrystalGraphics Presentations
