Showing posts with label Insurance. Show all posts
Showing posts with label Insurance. Show all posts

8 Ways How to Spend your Money

Friday, October 2, 2015

8 Ways How to Spend your Money

Let's face it, in this economy, money is tight, and you need to save money wherever possible. You might think that the cost of buying a couple of $2 of tacos every other day doesn't add up, but the truth is, it does. Make it a priority to score yourself one deal a day, and you could end up saving yourself hundreds and even thousands of dollars each year.

1. Score online deals - That Bluetooth headset you really want is at your local electronics store for a hundred bucks? Forget about it. Scour the internet or head straight to an online deals site for a better price. Chances are, you'll find the same product at 50% of cost, or better.
discount
Best Deals

2. Make your own coffee-  Yes, it's nice to pop out of the office for a coffee over the course of the day, but think about how many dollars you shed from your wallet each time. Invest in a flask, and take your own coffee to work in the morning. And harass your boss for a good coffee machine!

3. Bag your lunch - Of course you want that awesome sushi or Vietnamese egg noodles from around the corner every day. But make it a one-a-week treat only. Buy yourself a (well-priced) cookbook of easy lunch recipes, and you'll never be stuck for lunch ideas.
Lunch
lunch bag

4. Avoid ATM fees - Withdrawing from ATMs not owned by your bank can be costly. You can easily pay $3 just to withdraw $20. Get extra cash out when you're at your bank's ATM so that you won't be caught without cash later.
deals
Money

5. Buy in bulk - You can score yourself one deal a day just buy buying in bulk. Get that gallon of milk rather than half gallon, or that larger size of shampoo or face wash, if you know you're going to need it eventually. When shopping, always check the price per ounce to get the best value for money.


6. Re-use your water bottles - You throw away so much money by buying a bottle of water each time you get thirsty. Get into the habit of refilling your water bottle with tap water. You'll save money, and help the environment, too!

7. Price check expensive items - If you need to buy something expensive like a coffee machine or vacuum cleaner, don't buy the first one you see in the store. Always do a price check at home first to establish average prices - and chances are, you'll score a better price on a deal website.
cashflow
check price

8. Buy books sensibly - It's tempting to buy that book you really want from Borders, but the fact is, you can probably get it on an online deals site like Amazon or in a used bookstore for far cheaper. And don't forget about that wonderful institution, the library, which costs nothing.

Incorporate just a few of these thrifty tactics into your everyday life, and you'll be scoring one deal a day and saving money in no time.

Business Analyst in Insurance Domain

Sunday, December 26, 2010


The right balance of information and technical know how is needed for a Business Analyst to successfully complete his job in any sector. This dictum applies to the Insurance sector as well. A Business Analyst should be well versed with the information that is needed for any Insurance professional to work in the Insurance domain. Since he has to analyze the processes and then help in the development of essential software for the projects in the Insurance sector, he needs to have both - the information required of an Insurance professional and the technical knowledge required for the establishment of software designed for this sector.

Insurance as is known is generally divided into three major divisions: Life Insurance (dealing with safeguarding life and the risk of mortality and critical illnesses), General Insurance (dealing with the risk of damage to immovable property, motor, cargo, marine, household, and fire insurance), health insurance (dealing with risk of illness and disease, and thus covers reimbursements, medical claims, operation of panel doctors, cashless hospitalization, co payment etc.) The level of knowledge and range required is different in each stream and hence a Business Analyst has to have a certain demonstrable understanding of the workings of the particular streams in the sector and also desirably, adequate level of experience in the sector.

Functional Knowledge of Insurance applications is also essential, like new business, channel management, policy servicing, claims management, underwriting, reinsurance and finance. Along with knowledge of the business processes of the particular client company, a brief and thorough understanding of the requirements given by the regulatory authority of the Insurance industry is also mandatory. The terminology is varied for the Insurance sector, with changes even within the sector, for the different streams of the sector. Knowledge of these unique terminologies will help the Business Analyst to understand the client who is the end user's expectations and he will be able to draft them better into requirements efficiently.

Once functional requirements are known, the technical knowhow is also essential for any good Business Analyst to communicate to his software developer's team about the client user's expectations from the project. The Business Analyst should be aware of the basic MS- Office tools like Microsoft Word, Ms PowerPoint, MS Excel, MS Visio, MS Access, and MS Project). These help in collating data and presenting it in proper format. Then knowledge of relational databases is also important for understanding the technicalities of Querying and Support. Basic programming languages that are used by software developers should also be known to the Business Analyst so that he can understand the developer's problems or point of view. These programming languages could be ASP, Dot Net, JAVA, J2EE, XNL, HTML etc. In addition to these, knowledge and experience in insurance business applications, content management systems, portals, data warehousing tools can give any Business Analyst that extra edge over others standing next to him.

Thus, it's quite clear that a Business Analyst in the Insurance domain needs to know both sides of the coin - the knowledge of insurance business processes and the relevant Insurance software packages.

Article Source: http://EzineArticles.com/?expert=David_Vilson


 
 
 
 
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