The Design And Implementation Of Endorse Function Modules In Insurance Business System

The application of computer information technology in insurancebusiness, which prevents insurance process from material and geographicalrestrictions, is a successful application in business. This is the basis of thispaper.There are three main entities in a corporate: people, finance andmaterial. Their mode of operation has also the main three categories:Production,supplyandsales. Concept systems managecorporateentities bymanaging the data, information and knowledge of the six areas. At present,concept system is an information system based on computer technology.Computer application in business field originates from the processing ofcorporate data, which we called electronic data processing (EDP) or dateprocessing (DP).The computer application in business is becoming wilder,focus changing from data processing to information and decision support.Information Technology changes the business operation mode in industrialage. For example, finding customers, procurement, pricing, customerservice and so on. Now, customers request that they can buy cheap andgoodcommodities,receivecommercialservicesquicklyatanytimeandanyplace. To meet this need, enterprises have to establish correspondingoperating structure. Using information technology is the way, and only inthisway,enterprisescanmeetcustomers'need.In information age, insurance industry cannot be managed withoutcomputer information system neither. At present, the basis of insuranceindustry in our country is so weak that there is a long distance from that ofdeveloped countries in consciousness, philosophy, system and hardwareconstruction.Many insurance developed countries have used modern information technology in insurance business widely, which made the development ofinsurance industry more informationize, more efficient, and morestandardized.With the social progress, economic development and the danger ofgiant, the original business mode in insurance companies will bring someproblems, which would influence timeliness and accuracy of the business.Using modern information technology in business can be helpful to solvethe problems. Directingtowards this situation, insurance companies can usemodern information technology to improve. First, they can use moderninformation technology to collect relevant information, establish insurancematerial database, make full preparations for the insurance arrangement andplanning. Second, they can use modern information technology to keepbusiness records and establish business information database, storage thecompany's insurance contracts, records and so on. Third, communicatebetween insurance company and customers through information network ,can save cost substantially. In short, the wide range of applications ofcomputer information technology in insurance industry will lead insuranceindustryintoamorestandardizedandinformationizeage.For business needs, as typical financial service enterprises, insurancecompanies'major business concentrates on the sale of insurance products,risk control, financial management and investment management. In theprocessing of business system, insurance companies operating system isdivided into three levels currently: core business processing systems,financial investment management systems and risk management systems.Core business processing systems include sales of insurance products,policy processing, verification, and a single, preservation (correcting), aswell as paternity reasons, such as payments, which reflect the mainprocesses of the traditional business. Financial and investment managementmainlyinvolves financial accounting,financial management,theinvestmentmanagement with preserving and increasing the value-added goals, as well as access to fund, and the corresponding operational management of thebond market. Risk management system includes risk control, performanceevaluation,reinsurance,andothercontents.Changes in insurance contracts include intersubjective alteration,objective alteration and content alteration. intersubjective alteration meansthe changes between parties and relative people, that is, the changes amongthe insurance applicant, the insured or the beneficiaries. objective alterationmeans the insurance benefits changes of the subject matter of insurance.objective alteration will cause the changes of payment obligations and theright compensation request. In addition, sometimes, Subject and Objecthave no changes, but other matters have changed, for example, the risk ofsubjectincreasingandreducing,thenatureofthework,occupation,placeofresidencechanges ofinsuredinlifeinsuranceetc,allthesechanges canleadto changes in rates, affecting both the rights and obligations of the changes.These are the insurance contract changes. The content can keep the fulleffectivenessofthecontractwiththeinsuredwriteendorsementafterpartiesconsensus.Personal Investment Plan Change is one of endores changes ininsurance wrapper. For insurance wrapper, the insured can choose differentinvestment accounts to distribution their funds according their own needs.Since the risks and benefits is different in each account, the insured canchoose investment accounts and different allocation ratio with needs.Personal Investment Plan Change is all changes cause by the investmentrationchanges.Endorse changes have many different types, such as the importantinformation change of the insured, cancel policy since hesitation,beneficiaries change and so on. Some changes will cause the changes ofdata in system and costs. Personal Investment Plan Change is one of thetypicaltypes.This paper is written in the process of design and development of the insurance business system. The design and implementation of the insurancebusiness system is a complex process. It is a long process that willconstantly change and improve with the changes of customer needs.Insurance business management system also involves a lot of parts. Inaddition to the core business systems, including finance, attendance and soon, which is a large and complete system. This paper mainlyintroduces thedesign and Implementationof endorse incore system of functional modules.As relates to the insurance business knowledge, this paper will outlined theprocess of the whole system and framework based on the basis knowledgeof the insurance business, and then focus on the preservation of the changeprocesstakinginvestmentplanschangeasanexample.