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Guidewire Claim Center Professional Exam fully solved 2024 $17.99   Add to cart

Exam (elaborations)

Guidewire Claim Center Professional Exam fully solved 2024

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Guidewire Claim Center Professional Exam fully solved 2024

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  • October 25, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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Guidewire Claim Center Professional Exam fully solved
2024/2025


What does an end user need to access a GW app - ANSWER A supported web
browser and a valid username and password

What is one thing that determines what data is gathered on a claim intake screen -
ANSWER Type of claim (auto, homeowners)

When a user attempts to log into CC, what 3 pieces of info does the app attempt to
determine? - ANSWER 1. can the user be authenticated
2. what are the users roles
3. what is the users startup page

What is the purpose of an exposure? - ANSWER Used to track potential payments
on one coverage for one claimant

What are two mechanisms used to determine if a payment requires approval? -
ANSWER 1. Authority Limits
2. Transaction Approval Rules

What two mechanisms are referred to as a check? - ANSWER A physical paper
check and an EFT

What is a set of activities on a claim called? - ANSWER A workplan

What are the three types of service requests? - ANSWER 1. Service only
2. Quote only
3 Quote and service

What is an incident? - ANSWER The 'what" that was lost or damaged

What are the six assignable objects in CC base configuration? - ANSWER 1.
Claims
2. Exposures
3. Activities
4. Service requests
5. Matter (litigation)
6. Subrogation

When does object assignment happen? - ANSWER Object creation and manual
object reassignment

What are the two basic building blocks of the CC org structure - ANSWER Users
and groups

, What is the difference between a policy and a PolicyType in CC? - ANSWER Policy
- a product that is sold to customers, promises to pay money for specified loss types.
Contract between insured and insurer

PolicyType - Identifies the line of business associated with a policy, and indicates the
coverages (CoverageTypes) that can be associated with the policy

What is the purpose of a CoverageSubtype? - ANSWER It connects coverage
types to exposure types

What are some coverage types? - ANSWER Collision, comprehensive, general
liability, medical payments

What is the purpose of segmentation? - ANSWER Process of determining a
strategy for processing a claim. determines complexity so that appropriate
assignment can be made

What happens during automated claim setup? - ANSWER 1. The claim is
segmented
2. The claim is assigned to a group and user
3. Activities may be created for work that must be done on the claim

What are 3 ways a claim can be entered into CC? - ANSWER 1. Portal (by user or
agent)
2. New claim wizard (by adjuster)
3. External application (Imported by FNOL system)

What are the highest and lowest levels of maturity of a claim and exposure? -
ANSWER Ability to pay and New loss completion

What are two attributes of a group used in determining assignment? - ANSWER
Group type and group region

Ex. Type is kind of work the group cover like WC. Region identifies the location
where the group has responsibilities

What is the purpose of assignment in automated claim setup? - ANSWER To
determines the owner of the claim and exposures

What are the 3 steps of automated claim setup? - ANSWER 1. Segmentation
2. Assignment
3. Workplan (activities)

How does CC manage a contact that has multiple relationships to a claim? -
ANSWER through the ClaimContact entity

What is the purpose of a reserve line? - ANSWER The amount of money set aside
for expected payments related to a given exposure. defined by exposure, cost type
and cost category

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