09-05-2013 03:27 PM
Can anyone explain this to me, how does a health insurance domain is different from banking domain. What all the procedures, functions and options are used in health insurance domain that are not used in banking domain.
09-05-2013 04:05 PM
Well they are two quite different industries.
Can you be a bit more specific? What is the level for you interest? Programmer, data modeller, requirements analyst etc...
09-05-2013 04:28 PM
Programming is usually not very industry dependant. The applications are, end especially understanding business requirements.
If you want to know more about different/common requirements, you can read SAS Forum papers by users from each industry.
09-05-2013 05:15 PM
The question is too vague to receive a serious response. Here's why:
First of all, what's a "Domain"
A Banking Company or firm can include anything from customer analytics, credit modeling, churn analysis, fraud detection, standard financial reporting for BASEL II or just plain financial reports. In Canada, banks do a lot of insurance as well, including life, auto and property.
A Health Insurance Company can include anything from rate calculation along actuarial lines, patient profiles, financial reporting, claims analysis, fraud detection, drug usage analysis, research into treatments.
There are obviously some overlaps, but usually its subject matter expertise and terminology that are important. Variance in finance is A-B, while in other fields its the statistical definition of variance.
I've worked for Forestry, Human Services, Insurance and Health Care. The skills that are most important are knowing what questions to ask, and how to go about solving a problem, regardless of the field.