Please find an organisation online to use as a reference. Find one (1) insurance product your company offers, briefly summarise the role of the following terms:

'-"Standard cover and deviations

'-"Policy wordings

'-"Taxes and charges

'-"Insurance claims

'-"Premium rating and risk selection

'-"Reporting

'-"Product development

'-"Underwriting.

Answer rating: 100% (QA)

The ACORD Reference Architecture provides an enterprise architecture framework for the insurance industry encompassing various components like busines... View the full answer