Describe the role of business rules at FARM bureau and explain why those rules are very important?
The insurance industry heavily relies on key indicators from the customers, which are input to the formulas which determine the cost for a policy.
Anyone who wants to buy an insurance policy has to fill in these indicators on his application.
These are then used to determine whether the applicant gets judge the applicant based on experience .But these experiences can also easily be put into Rule-schemes such as : Never sell health insurance to a heavy smoker over 40” charge twice the price if the applicant smokes”. So the rules of the rule-based system ultimately are derived from common-sense and experience of the employees.
Describe the benefits of using the Rule –based system at FARM bureau and explain why the system can generate these benefits?
FARM bureau handles thousands of insurance forms a week , and frequently the application are identical.