Glossary of Insurance Terms

Salient Features

We have developed a MS Excel based tool where consolidated commonly used Insurance Terms can be stored. Also having features like ? Add New Term, Modify & Delete existing terms etc.

We hope this Glossary will act as expedient tool to boost productivity of intended users.

• View Term:- A GUI (Graphical User Interface) based module to view description of a commonly used Insurance term. User can click on any pre-populated alphabet to view list of terms that are beginning with the selected letter. By default, all the terms pertaining to alphabet ?A? is listed.
• Add New Term:- User form that is created with MS Excel native controls to add new term in to the glossary. There are placeholder to provide description of the new term in ?Description? box and information about the source of the term, like ? website address (URL), Page number & Name of a reference book etc.
• Modify/Edit existing Term:- User form that allows alteration of any existing term. History of addition or any modification on any Term is maintained automatically and that is appeared in Text area below the label as ?Audit Trailing?. Also basic validation rules are enforced with user friendly Alert/ Error message.
• Delete existing Term:- This module can facilitated to permanently delete any term.
• How To Use:- A step by step how to use guide with pictorial examples to make any novice user to expert one.

This Tool is a glossary of insurance terms and definitions that are commonly used in the insurance business. This glossary can be referred as ready reckoner to enhance knowledge on the subject to increase productivity.

The definitions in this glossary are collated from various sources like - National Association of Insurance Commissioners (NAIC), Texas Department of Insurance (TDI), British Insurance Brokers' Association (BIBA), American National Insurance Company (ANICO), The Center for Advancing Health (CFAH), www.healthcare.gov etc.

Sometime the situation demanded to keep the back-office or support team or QA/Testing team to work on isolated environment that is away from common internet access. In such environment, it would be very difficult to understand any terms or abbreviation that is/are new to the team or validate correctness of any description through mouth spreading or from any colleague.

So there is need of a portable Glossary that can be suitable and accessible in these type of working environment.

Advantages

• Portability:- Light weighted MS excel based tool can be executed with minimal resource/ environment requirement.
• Compatibility:- The tool is developed using only excel native controls (No form or form based control or OCX/ ActiveX control is used). So registering of any controls (.OCX / ActiveX) is not required and also compatible with 32 & 64 bit platform.
• Usability:- Graphic User interface to Add New Term, Modify & Delete existing terms etc.. Also keep track of all addition & alteration and automatically maintain and display Audit Trailing.
• Reusability:- This tool can be used as Glossary for another business area like Banking, Telecom or Healthcare etc..