10162124Technology in the Insurance Environment
Course Information
Description
This course will cover the importance of documentation, electronically viewing, sharing, and saving data, integration of automation into the overall business plan and in marketing, the reliance on information to be accurate, interfacing the agency and company information storage systems, and developing a plan to protect data against risks. The course will also look further into using technology to assess risk and prevent Errors and Omissions within the insurance industry.
Total Credits
2
Course Competencies
  1. Describe how technology has been integrated into the insurance industry to collect, transfer, and store information.
    Assessment Strategies
    By role playing various insurance departments and discussing the data necessary in each area.
    By answering a set of questions on Blackboard with regards to data documentation and the affects of state regulations.
    Submitting a 2-3 page paper on the information needed, its importance, how it is obtained, who it is shared with and the involvement of information technology in the process.
    Criteria
    Student can describe some of the types of information needs in each department.
    Student can describe the importance of data documentation and regulation.
    Student outlines the flow of information throughout the insurance industry.

  2. Identify the use various technologies play in the organizations overall business and marketing strategies.
    Assessment Strategies
    By answering a set of questions on Blackboard that are specific to information technology and the flow of business.
    By diagramming the marketing process incorporating the internet.
    Criteria
    Student has identified the uses and benefits of the internet for marketing within the insurance industry.

  3. Apply the concepts of risk and exposure to loss within insurance specific situations and integrate information technology into the evaluation and recommendation steps.
    Assessment Strategies
    By submitting a 2 page paper that describes a risk and its exposures to loss.
    By an oral 2 minute presentation of the highlights of their research findings.
    Criteria
    Student has researched an insurance risk to determine the exposures to loss.
    Student's reflection presents insight into risk management in information technology use.
    Student's reflection accurately describes how information technology integrates with loss control.

  4. Use information technology as a resource for determining and reducing errors and omissions exposures.
    Assessment Strategies
    By answering questions in Blackboard about errors and omissions and data interfacing with regarding to information technology and its use in insurance.
    By orally presenting findings of insurance case studies related to errors and omissions potential.
    Participating in an on line discussion in Blackboard.
    Criteria
    Student's reflection presents insight into integration of information technology in the insurance business.
    Student presents a realistic picture of errors and omissions potential.
    Student presents solutions to error and omission possibilities within the insurance industry.

  5. Develop an Information Security Plan and communicate its purpose and effectiveness.
    Assessment Strategies
    By verbally communicating exposures to loss that data faces.
    By submitting an Information Technology Plan for a fictitious company to the instructor.
    By submitting a 1-2 paragraph experience summary to the instructor discussing what was learned in the course.
    By completing a final exam.
    Criteria
    Student's reflections accurately describe why an Information Technology Plan is needed.
    Student's reflection accurately describes the importance and methods of protecting data through risk management.
    Student has gained an understanding of the importance, risks, uses, and preservation of electronic data in insurance.