An insurance company intend to computerize their records. The insurance bought by customers can…

An insurance company intend to computerize their records. The insurance bought by customers can be of

two types. A life insurance policy and an educational policy in the name of the children. There are currently

200 customers of the company and company anticipates that the growth in the customers will be no more

than 10% in coming 10 years. Out of 200 customers around 150 customers have life insurance and the

remaining have education policy. For life insurance policy, the company stores customer’s name, address,

contact, age, a record of customer’s health conditions, type of policy, beneficiary and a yearly payment

schedule. For education policy, the information to be kept in the system is the name of the customer,

address, contact, age, name of the child, and type of the policy.

The company has briefed you that they frequently need to search the customers by their name and type of

the policy they have bought. For annual reporting purpose they also need to sort the customers record.

Choose appropriate data structures for two types of the customers mentioned above. Also specify what

type of different operations can be applied on the customers records? Use your general understanding of

the insurance company scenarios to specify all operations that a system for insurance company would

require. Also, specify what algorithms would be appropriate for each type of the operation?

Now assume that in coming years the company’s performance and marketing policy increased its number

of customers. The performance of the old system is no longer satisfactory. Within three years’ time period,

the company grew from 200 customers in total to 4000, out of which 3200 customers are Life insurance

policy customers and the remaining being education policy customers. What changes you will bring in the

design of the system to make sure the system works efficiently?

Attachments:

Looking for a similar assignment? Get help from our qualified experts!

"Our Prices Start at $9.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!":

Order a Similar Paper Order a Different Paper