Guidewire Business Analyst - Sai Cyber Difence

Guidewire

Overview

The Guidewire Business Analyst course is designed to equip participants with the knowledge and skills necessary to become proficient in the Guidewire software suite, which is widely used by insurance companies for managing their core operations. This course covers the fundamental aspects of Guidewire, including the implementation of PolicyCenter, BillingCenter, and ClaimCenter. It provides an in-depth understanding of how to analyze business requirements, document them, and translate them into functional specifications for developers. Additionally, the course emphasizes the importance of business process modeling and requirements gathering to ensure that the software meets organizational needs effectively.

Through practical hands-on exercises and real-world case studies, participants will learn how to interact with key stakeholders, facilitate workshops, and ensure the alignment of Guidewire solutions with business objectives. The course also explores how to customize Guidewire to adapt to different insurance domains, such as property, casualty, and health insurance. By the end of the training, participants will have the expertise to support Guidewire implementations and contribute to the successful delivery of software solutions tailored to the insurance industry.

Key Features

Comprehensive Curriculum: Covers the core Guidewire modules—PolicyCenter, BillingCenter, and ClaimCenter—along with industry-specific insurance processes.

Hands-on Training: Practical exercises and real-world case studies to enhance the application of Guidewire in real business scenarios.

Business Analysis Techniques: Focus on requirements gathering, business process modeling, and functional specification creation to ensure effective communication between business stakeholders and technical teams.

Customization and Configuration: Learn how to configure and customize Guidewire software to meet specific needs of various insurance domains.

Stakeholder Engagement: Develop skills in facilitating workshops, managing client expectations, and aligning Guidewire solutions with business goals.

Expert Instructors: Training led by experienced professionals with deep knowledge of Guidewire and the insurance industry.

Certification Preparation: Prepares participants for Guidewire Business Analyst certification exams to validate their expertise.

Industry-Relevant: Focused on insurance and finance sectors, ensuring participants gain knowledge applicable to the insurance industry’s needs.

Course Objectives

Master Guidewire Modules: Gain a thorough understanding of the core Guidewire products, including PolicyCenter, BillingCenter, and ClaimCenter, and their application in insurance business processes.
Enhance Business Analysis Skills: Learn how to effectively gather and analyze business requirements, document functional specifications, and model business processes to bridge the gap between business stakeholders and technical teams.
Customize and Configure Guidewire: Acquire the skills to configure and customize Guidewire software according to the unique needs of different insurance domains.
Stakeholder Management: Develop the ability to engage with stakeholders, conduct workshops, and ensure that solutions are aligned with business objectives and client expectations.
Prepare for Certification: Equip participants with the necessary skills and knowledge to pass the Guidewire Business Analyst certification and apply their expertise in real-world projects.

Job Opportunities After Completing the course

Guidewire Business Analyst: Work as a business analyst specializing in Guidewire solutions, helping insurance companies implement and optimize their Guidewire software to streamline business processes.
Business Analyst for Insurance Companies: Join insurance firms as a business analyst, responsible for gathering and analyzing business requirements, identifying areas for improvement, and ensuring effective software implementation.
Guidewire Configuration Specialist: Work as a Guidewire configuration expert, configuring and customizing Guidewire applications to meet the specific needs of insurance organizations.
Insurance Product Consultant: Provide consulting services to insurance companies, assisting in the selection, customization, and implementation of Guidewire products tailored to their business requirements.
Project Manager (Guidewire Implementations): Lead and manage Guidewire implementation projects, overseeing the deployment of Guidewire software solutions and ensuring project success.
Guidewire Support and Maintenance Specialist: Provide post-implementation support and maintenance for Guidewire applications, ensuring their smooth functioning and resolving any issues that arise.

The salary prospects for a certified Guidewire Business Analyst professional

Country	Average Salary
United States	$70,000 to $150,000 per year
United Kingdom	£40,000 to £90,000 per year
India	₹6,00,000 to ₹18,00,000 per year
Australia	AUD 70,000 to AUD 150,000 per year
UAE	AED 120,000 to AED 250,000 per year
Singapore	SGD 50,000 to SGD 130,000 per year

Who should takeGuidewire Business Analyst Certification Training Course?

Business Analysts
Insurance Professionals
Project Managers
Guidewire Developers and Consultants
IT Professionals in Insurance
Aspiring Guidewire Business Analysts
Insurance Software Implementation Specialists

Course Content

1.Guidewire Policy Center

Course Content

Introduction to Insurance, Guidewire
Introduction to Policy Center
Different types of LOB’s and their purposes
Policy Life Cycle
New Submission Transaction
a) How to create an account b) How to initiate a Policy
Info bar
Task bar
Work spaces
Explaining each and every screen during policy issuance
Concentrating on Risk Analysis screen
a) UW Issues b)Prior Losses
c) Contingencies d)MVR e)CLUE reports
f)Claims reports
Difference between Bind and Issuance
After Issuance explaining about Documents screen
Explain about Rating
Show Rating worksheet
a) Rate books b)Rate Tables c) Rate routines
Understanding Multi versions, Quick Quotes, prequalification questions
Copy Submission concepts
Policy Center tabs
a) Desktop b)Account
c) Policy d)Contact e)Search
Different Transactions a)Policy change
b) Cancellation c)Rewrite (types)
d) Reinstatements e) Renewals
Policy changes
b)Mid terms (Edge)
Significance of Policy review screen
Cancellations and types
a) Flat cancellations
b) Prorata Cancellations
Cancellations sources and reasons
Refund method types in a) Cancellations b)Pro
rata c)Short rate
Rewrites
a) Rewrite Full Term b)Rewrite New Term
c) Rewrite Remainder of term
Renewals types
a) Manual
b)Automatic
Resinstatements and screens involved
Renewals
– Pre renewal direction a)Non renew b)
Not taken c) Refer to UW
Features of Jobs
a) Out of sequence
b)Premtions
Side by Side Quoting
Multi Version Quoting
ADMINISTRATION Tab

2. Guidewire Claim Center

Course Content

Domain Knowledge: In-depth understanding of the insurance industry, especially in policy management, claims, and billing.
Guidewire Modules: Familiarity with Guidewire software modules (PolicyCenter, ClaimCenter, BillingCenter) and how they integrate.
Analytical Skills: Ability to analyze and map complex business processes to system functionalities.
Claims FNOL process
Loss Details
Services
Service Documents
Incidents
Exposures
Assignment of Claims
Open / Close claims concepts
Auto Exposures
1Claim cheque process (includes Claim Payments)
Pre FNOL & Post FNOL
Recoveries &
Recovery Reserves concepts
Subrogation
Claim Catastrophe concept
Claim Integrations
Miscellaneous concepts of Claim Center.
Billing System Mapping: Lead the analysis and mapping of financial and billing processes within Guidewire BillingCenter, ensuring alignment with business needs and financial best practices.
Business Requirements Gathering: Collaborate with stakeholders to gather, document, and validate detailed business and financial requirements for the billing system, ensuring clear understanding across teams.
Process Analysis & Optimization: Analyze existing billing workflows and financial operations, identifying areas for improvement and ensuring optimal configuration of the BillingCenter module.
Stakeholder Collaboration: Act as a liaison between business teams (finance, accounting, billing) and technical teams, translating business requirements into technical specifications for system implementation.
Financial Reporting & Compliance: Ensure the billing system supports accurate financial reporting, reconciliation, and compliance with regulatory standards.
Functional Documentation: Prepare and maintain functional specifications, process flows, and use cases related to billing and financial operations in the Guidewire system.