Professional Documents
Culture Documents
Proposal For Vehicle Insurance
Proposal For Vehicle Insurance
i
Contents
Acknowledgement ....................................................................................................................................... iii
List of acronyms ............................................................................................................................................ v
1. Introduction .............................................................................................................................................. 1
1.1 Background ................................................................................................................................... 2
1.2 Document Description ........................................................................................................................ 2
2. Statement of Problem ............................................................................................................................... 2
2.1 Existing System Description ................................................................................................................ 2
2.2 Problems of Existing System ............................................................................................................... 3
3. Alternative Solution and Proposed Solution ............................................................................................. 4
3.1 Alternative Solutions ........................................................................................................................... 4
3.2 Proposed System Description ............................................................................................................. 5
3.2.1 Significance of the Proposed System ........................................................................................... 6
4. Objectives of the Project........................................................................................................................... 6
4.1 General Objective ............................................................................................................................... 6
4.2 Specific Objective ................................................................................................................................ 6
5. Project Summary ....................................................................................................................................... 6
5.1 Motivation........................................................................................................................................... 6
5.2 Project Deliverables ............................................................................................................................ 7
5.3 Methodology....................................................................................................................................... 7
5.3.1 Data Gathering Method ................................................................................................................ 7
5.3.2 Development Methodology.......................................................................................................... 8
5.3.3 Development Approach ............................................................................................................... 8
5.3.4 Testing Methodology ................................................................................................................... 8
5.3.5 Development Tools ...................................................................................................................... 8
Table5. 1 software specification ........................................................................................................... 9
6. Scope of the Project .................................................................................................................................. 9
6.1 In scope ............................................................................................................................................... 9
6.2 Out scope ............................................................................................................................................ 9
7. Project Schedule and Preliminary Budget............................................................................................... 10
7.1 Project Schedule ............................................................................................................................... 10
7.2 Budget plan ................................................................................................................................. 10
8. Staffing Requirement .............................................................................................................................. 11
ii
8.1 Core Project Team Roster ................................................................................................................. 11
9. Risk Assessment ...................................................................................................................................... 11
10. Feasibility Study .................................................................................................................................... 12
10.1 Economic Feasibility ........................................................................................................................ 12
10.2 Technical feasibility ......................................................................................................................... 12
10.3 Operational feasibility ..................................................................................................................... 12
10.4 Political Feasibility........................................................................................................................... 12
11. Conclusion ............................................................................................................................................. 13
References .................................................................................................................................................. 13
iii
List of Table
Table 1. 1 project start and end date............................................................................................................ 1
Table 1. 2 software Tools .............................................................................................................................. 8
Table 1. 3 hardware specification ................................................................................................................. 9
Table 1. 4 Schedule plan ............................................................................................................................. 10
Table 1. 5 Budget plan ................................................................................................................................ 11
Table 1. 6 Core Project Team Roster .......................................................................................................... 11
Table 1. 7 Risk Assessment ......................................................................................................................... 11
iv
List of acronyms
AVIMS………………………Abay Vehicle Insurance Management System
CSS…………………………..Cascaded Style Sheet
DBMS………………………Data Base Management System
GUI………………………….Graphical User Interface
HTML………………………..Hyper Text Markup Language
MySQL………………………Structural Query Language
OOSAD……………………..Object Oriented System Analysis and Design
PHP……………………….....Hypertext Preprocessing
UML…………………………Unified Model Language
v
Table 1. 1 project start and end date
Web Based Vehicle Insurance Management System for Niyala Insurance S.C
1. Introduction
Vehicle insurance is one solution to manage risks posed by the road transport industry and a means
to ameliorate damages arising from accidents and other mishaps. With compulsory insurance in
place financial risks arising from the operation of vehicles can be better managed. Damage to
personal property (such as to vehicles and personal items), public property (road signs, lights and
other infrastructure) and personal injuries arising from accidents can be managed without imposing
an undue burden on private or public persons and organization.
Vehicle insurance is contract between insurer and insured whereby the insurer undertakes to pay
the insured a fixed amount, in exchange for fixed sum (premiums). The insurer agrees to offer
compensation for a financial loss that occurs when involved in an accident. It is remunerate the
owner of the vehicle against the losses or damages arising for various future risks which one
anticipates. In other words when an insured pay the insurance company then he/she is buying a
security blanket for his/her car. If he/she is in an accident the insurer company pays for repairs of
his/her car. This shows that whatever happens to the car is covered by the policy.
Due to this motor vehicle insurance has developed into an important form of contract arising out
of connection with the use of motor vehicles including third party. Motor insurance policy may
also be affected to provide cover against loss or damage to the third party arising from the use of
a vehicle.
Vehicle third party insurance is mandatory in most countries around the world, which is an
expression of contemporary trends in securing compensation of victims of traffic accidents. For
this reason the functioning of this product is relevant to many subjects: vehicle holders who pay
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premium, drivers covered, injuries and damaged parties seeking for compensation as well as the
state which impose the obligation and decides about shape of system and its rules.
1.1 Background
Benishangul Gumuz Regional State is one part of Ethiopian regional state and is be present in
Western part of Ethiopia. Abay insurance for Assosa Branch S.C. was established and it is licensed
by the national bank of Ethiopia on 2010 G.C.
The company registered head office is in Addis Ababa. The insurance company provides different
types of insurance services to their customers are Life insurance, Vehicle/Motor insurance, Health
insurance, Fire insurance, lightening insurance, travel insurance. Currently Abay insurance of
Assosa branch has one office.
The organization gives insurance service for non-life risks. Ato Nemmsa Gufara who is the
manager of the Abay insurance S.C Assosa branch said that “Among the non-life risks the majority
of people register for vehicle insurance, all most about 95% of them”. There are many types of
vehicle insurance policies available.
2. Statement of Problem
2.1 Existing System Description
Abay vehicle insurance is an insurance company that gives customers guarantee for damages on
the car and on third party properties. When one wants to have insurance in Abay vehicle insurance
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for his vehicle, he/she first brings the car to the organization. Then the employers do pre-risk
analysis by checking the library and quality of the vehicle. Then the employers decide whether to
proceed or reject the agreement. If agreed, the employer calculates the depreciation cost of the
vehicle and the premium cost to be paid. If the customer agreed with calculated price agreement
is made. Finally the agreement is approved by the organization manager. After the manager
approves the agreement, the customers file, given a unique policy number, is handled manually in
file handler.
Every customer who has insurance for the vehicle should also have third party insurance. Third
party insurance is the insurance for the damages caused by vehicle. This third party insurance is
not optional it is mandatory. An agreement is made for a year called terms of service. When terms
are completed the customer should renew the term unless can’t get service from the company. The
company have the habit of informing customers to renew their terms when they are left month
before completion.
Once the customers made an agreement they can get service soon in the very next day. When the
customers face damages they can call the branch and the branch checks the belongingness and
terms of service of the vehicle. Then the company sends technician to place of accident. The
technician evaluates, determine damage and estimate the cost. The company then pays the
payment.
The company also has the habit of informing its customer to renew their terms before the date of
completion, just before a month. But usually it is difficult to pop out a customer who has left only
a month for their term to expire since we have lots of customer.
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Manipulation of customer’s data is very difficult in the existing system as searching individuals
file is tedious among thousands of users.
This manual system is vulnerable to error and it is very time consuming. The insured person is
obligated to fill a proposal forms in order to get the policy numbers and to make a payment
according to the policy purchased. And it takes weeks for a person to make financial report under
this manual way of operation. Time is not the only matter but the report may also fail to represent
the actual value due to some error. Recording customers file using manual method causes the
company to decrease its efficiency, accuracy and productivity.
Some customer cannot read and write by English, so to solve this problem we develop both
Amharic and English language supporter web based vehicle insurance management system for
Abay Insurance Company.
Users can’t interact with the organization unless they are physically present
Mobile based vehicle insurance management system for Abay insurance s.c in Assosa
branch
Web vehicle insurance management system
Free mobile SMS based
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Web based vehicle insurance management system for Abay insurance s.c (mobile + web)
Web based vehicle insurance management system for Abay insurance s.c(Web based
only)
We select web based vehicle insurance management system for Abay insurance s.c (Web based
only)
Justification: There are different reasons why we select web based vehicle insurance management
system for Abay insurance S.C (Web based only) .even though when we look on the web based
system it only considers the community who lives around urban areas in which high amount of
internet connection exists and broadly uses personal computer to access the system easily. The
mobile based has its own advantages and dis advantage for instance developing the system is very
advisable in case of addressing the system to the whole of the people but the system becomes
complex for the customers and it becomes difficult to retrieve data’s from the system through
mobile easily than using computers. The free mobile SMS based also can not address the whole of
the system functionality through free SMS, but if we use only web based system it is fastest to
retrieve data and it becomes more acceptable for different reasons such as: it is easy way of access,
retrieving data purely and so on are the basic reason we select only web based.
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physical presentation, being on the website can access his/her individual files and can see different
notifications.
5. Project Summary
5.1 Motivation
There are different reasons that initiated us to develop this system, from those reasons some are
listed below:
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Technological Perspective: At this time over the whole of the world technology is growing time
to time and this has its own advantages for the development of one country and people.
User’s Perspective: The users are not fully satisfied because of different problems as listed above
Existing System Perspective: In today’s world, everything is digitalized and paper is being used
less and less every day. The existing system does not have easy, secure, comfort and proper data
storage for the customers.
Supporting System Perspective: according to the proposed system it will cover and support the
overall problems which happens in the existing system.
5.3 Methodology
5.3.1 Data Gathering Method
The project uses the following data collection methodologies to understand the problem from the
existing system.
Interview
Since we are developing a project which is going to try gathering some important information by
interview with office manager, insurance officer and others stakeholder who have concern within
the office business. By using this method we have got detail information about the existing system,
work flow and all activity of the insurance office for our team members.
Practical Observation
We used this method to get the right information about the organization and also to understand by
viewing how the existing system works. We observed that how office registers the insured person,
and we also see “the registration and update form” when the business process is on.
Document Analysis
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In this method we try to discover written documents about the organizations structure, business
rule, and detail activities that is relevant to the current system.
Developmental tool
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Script language: JavaScript To validate forms.
Markup language: php, html To develop the interface and connect with
database.
Xammp server To run the php command
Database Server: PhpMyadmin (MySQL To store data’s entered by the system
database)
Edraw Max To draw UML diagram to develop our system
Table 1. 3 hardware specification
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7. Project Schedule and Preliminary Budget
7.1 Project Schedule
The proposed system has completed within the given time frame, so the project is schedule feasible. We
display by Gantt chart below.
No Activities Oct Nov Dec Jan Feb March April May June
1. Title Selection
2. Data collection
3. Literature
review/Related
Works
4. Writing
2 Proposal
5. Proposal
3
presentation
6. System
4
Analysis and
Data Modeling
7. Design
5
8. Implementation
6
9. Final
7 10/10/2012
Presentation E.C
Table 1. 4 Schedule plan
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Table 1. 5 Budget plan
8. Staffing Requirement
8.1 Core Project Team Roster
Table 1. 6 Core Project Team Roster
9. Risk Assessment
Table 1. 7 Risk Assessment
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3 Security A major risk in the system is the security of user Denying accessing authority of
Risks data as well as their personal information. the users
Firstly, the user authentication will have to be
very stringent. The communication between UI
and database should be secure. The database
itself should be secure
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11. Conclusion
As a conclusion after finishing the system, it will perform all things those were listed above will
be surly done with high performance and quality. Additionally the system will be precious by the
customers or insured ones and the stake holders because of its high performance and usability as
a result of its fastest response per limited time and its ease way of interaction with the customers
and stakeholders respectively.
References
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