Tech Notes

Insurance is a complicated and intricate mechanism where risks are transferred from one individual to a group and loss is shared on equitable basis by all members of the group. This blog discusses in brief about few core functions / operations related to Insurance industry. Insurance Types There are in general two types of insurance (1) Life Insurance (2) General Insurance. Life Insurance can be divided into two classes - (a) provide pure life insurance protection, called term insurance (b) includes a saving or investment element Few of the common General insurances are - Motor Insurance, Property Insurance, Personal Accident Insurance, Medical and Health Insurance, Travel Insurance, Credit Insurance, Third Party Insurance, Liability Insurance. Key Insurance Functions It is always better to know some unique facets of insurance company operations. The unique nature

An approach for testing an application is dependent on many factors and domain / industry type is one of them. Why? Because it helps in enumerating critical risks associated with an application, which can’t be ignored. For example, in healthcare, the most important aspect of testing is in safety of patients and compliance with government regulations. Listed below are tips and pointers to consider while testing the healthcare provider application(s). Introduction to Health Care Domain / Industry Healthcare Compliance & Regulatory Environment Healthcare compliance and regulatory environment are among the most complex to understand and apply. Most of these regulations are in place to ensure that hospitals protect the patient health records. This makes security testing utmost important for any healthcare applications. The the risk of violating the compliances is very risky a

The healthcare industry, or medical industry, is a sector that provides goods and services to treat patients with curative, preventive, rehabilitative or palliative care. This industry comprises of different players including hospitals, doctors, nursing homes, clinics, diagnostic laboratories, pharmacies, medical device manufacturers, and other components of the health care system. It is one of the fastest growing industries in the world. It is important to be aware of different business processes/functions involved in this industry before making a career (e.g. software testing practitioner in healthcare) into it. Listed below are the key business functions associated with this industry (Healthcare Providers). Each business functions might have a separate (testing) challenge to solve but that will be discussed later a

·          Opening/Creating different types of account viz. Saving and Checking (CASA) and Loan Accounts Etc ·          Cash/ Cheque Deposits using different services at Branch by Teller, and Cash Deposit Machines for (Self / Third Party) ·          Cash Withdrawal, Deposits, Transfers(between linked accounts) from ATM terminals ·          Low-volume (NEFT) and High-volume (Real time gross settlement systems - RTGS) transactions using different Banking channels (Like Internet Banking, Mobile, IVR Etc) ·          Automated Clearing House (ACH) and Electronic Funds Transfer (EFT) payments ·          Cash/ Liquidity Management function ·          Stop Cheque request, Utility Bill payments, Credit card Bill Payments Etc ·          G/L (General Ledger) postings happening correctly/not for Book keeping and Accounting entries ·          PIN Change, statement request (Mini statement, and Historical statements) ·          Time Deposits and Recurring Deposits and Loan proce