Role of It in Insurance Sector
IT FOR FINANCIAL SERVICES
Report on
Role of Information Technology (IT) in insurance
Date: August 18, 2009
Abstract
This report investigates the role of information technology in insurance sector and examines that how information technology affects insurance sector. What are insurance and brief history of the insurance and its types and the concept of insurance in Islam? Role of information technology in insurance sector
The discussion then focuses on the advantages and disadvantages of Information technology use today in insurance sector and the reasons for insurance. Then it will tells us that how IT helps companies to get competitive advantage in today’s environment It is concluded that further technological advances in insurance sector will continue to improve the efficiency of the companies.
Table of contents
Contents Page no
1. Introduction ……………………………………………………………………………..1 2. Reasons for insurance …………………………………………………………………. .1 3. History of Insurance……………………………………………………………………...2 4. E Insurance ………………………………………………………………………………2 5. The Importance of Insurance……………………………………………………………..2 6. Some Types of insurance ………………………………………………………………...4 • Home Cover ……………………………………………………………………….4 • Travel Sure ………………………………………………………………………...4 • Health Sure ………………………………………………………………………..4 • Auto Cover ………………………………………………………………………..4 7. Insurance companies in Pakistan………………………………………………………...5 8. Concept of insurance in Islam …………………………………………………………...6 • Takaful……………………………………………………………………………..7 • Difference b/w Takaful and insurance…………………………………………......7 9. What is information technology? ......................................................................................8 10. Role of information technology in insurance sector?.........................................................8 11.
Report on
Role of Information Technology (IT) in insurance
Date: August 18, 2009
Abstract
This report investigates the role of information technology in insurance sector and examines that how information technology affects insurance sector. What are insurance and brief history of the insurance and its types and the concept of insurance in Islam? Role of information technology in insurance sector
The discussion then focuses on the advantages and disadvantages of Information technology use today in insurance sector and the reasons for insurance. Then it will tells us that how IT helps companies to get competitive advantage in today’s environment It is concluded that further technological advances in insurance sector will continue to improve the efficiency of the companies.
Table of contents
Contents Page no
1. Introduction ……………………………………………………………………………..1 2. Reasons for insurance …………………………………………………………………. .1 3. History of Insurance……………………………………………………………………...2 4. E Insurance ………………………………………………………………………………2 5. The Importance of Insurance……………………………………………………………..2 6. Some Types of insurance ………………………………………………………………...4 • Home Cover ……………………………………………………………………….4 • Travel Sure ………………………………………………………………………...4 • Health Sure ………………………………………………………………………..4 • Auto Cover ………………………………………………………………………..4 7. Insurance companies in Pakistan………………………………………………………...5 8. Concept of insurance in Islam …………………………………………………………...6 • Takaful……………………………………………………………………………..7 • Difference b/w Takaful and insurance…………………………………………......7 9. What is information technology? ......................................................................................8 10. Role of information technology in insurance sector?.........................................................8 11.