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Proceedings of the 9 Symposium on Applied Science, Business & Industrial Research – 2017
ISSN 2279-1558, ISBN 978-955-7442-09-9

Insurance Quotation Managing System

Ranaweera LD, Liyanagedera ND
Department of Computing and Information System, Wayamba University of Sri Lanka
Lahiru.genius@gmail.com

ABSTRACT

In present Sri Lankan context, a client contacts an insurance broker or else he/she meets
the broker and asks for quotations from various insurance companies. With the brokers’
suggestions, the client will select the best Insurance Company which fulfilled his/her
requirements. This current process will consume more time, effort and money as well.
Hence, the proposed system will reduce that current wastage and increase the efficiency of
the manual process. This system will interact with three parties’ namely Insurance broker,
insurance company agent (call center) and the client.

KEYWORDS: Quotation comparing, Three tier architecture .

1 INTRODUCTION and proceed to the client registration. If the
client is already a member, then client’s
Insurance Brokering Companies in their
mandate of providing brokering services are NIC/Company Registered Number will be
required to provide all information that a enough to choose the business line
client needs, acting as a conduit between the (Insurance product), category and the
client and the Insurance Company. coverage type. After the client verification,
Insurance brokering companies, who are by insurance request form will display
law required to be experts in their field, pass according to the business line. After
on the benefits of their prudence to clients. completing the required fields, second step
will pass. After that, broker can select
In the real-world process in Sri Lanka, a insurance companies to send the request for
client will contact an insurance broker or quotations.
else s/he will meet the broker and ask for
quotations from various insurance There are two methods of this process as
companies. With the brokers suggestions online and offline. In offline process, E-
client, s/he will select the best insurance mails will be delivered to the selected
company which fulfill her/his requirements. insurance companies. After receiving these
This current process will consume more E-mails insurance company agent can log in
time, effort and money as well. to a certain page in the system by typing
user name and password.
This system will interact with three
parties, viz insurance broker, insurance Then a quotation feedback page will
company agent (call center) and the client. display. Then after filling their quotation
details, that agent can enter the values and
Insurance broker is the user who handles save them into the system. Insurance broker
this system.
can view the received feed-backs and select
1.1 Introduction to the Research Project the best plan for the client with suggestion.
In online system, the system will send some
The flow of the system is designed as parameters for the insurance company’s
below. A client will contact the insurance application program interface (API) to
broker asking for quotations of insurances calculate the quotation premium and then
plans. The broker will log in to the system
get the feedback.

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