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The Open Group Exam OG0-023 Topic 3 Question 66 Discussion

Actual exam question for The Open Group's OG0-023 exam
Question #: 66
Topic #: 3
[All OG0-023 Questions]

Scenario

Please read this scenario prior to answering the question

ArchiSurance has entered into a legal agreement to acquire ArchiSpecialty, a specialty insurer that has several lines of business, including insuring organizations that conduct high-stakes contests. Prior to entering into this agreement ArchiSurance staff carefully examined the ArchiSpecialty Enterprise Architecture to develop an integration plan with four successive phases. Each phase of the plan provides a stable foundation for ArchiSurance to conduct its newly expanded business while making significant progress toward the targeted integration of ArchiSpecialty operations. The first phase of the plan, Common Ownership, will begin on the acquisition date specified in the legal agreement. The second through fourth phases will begin after their predecessors are complete.

During the Common Ownership phase, the two companies' websites will be linked to each other and their Interactive voice response(IVR) system menus will be integrated. During the second phase, known as Integrated Organizations, the corresponding ArchiSurance and ArchiSpecialty departments will be combined and all financial processing will be migrated to the original ArchiSurance systems. In the third Phase, known as Integrated Customer Operations, ArchiSpecialty customer relationship management (CRM) data will be migrated to the corresponding ArchiSurance applications. In the fourth and final phase, known as Integrated Operations, the ArchiSpecialty claims data will be migrated to the corresponding ArchiSurance applications. However, the ArchiSpecialty underwriting solution for high-stakes contests will be retained due to its unique capabilities.

The underwriting solution for high-stakes contests assists underwriters in creating a policy to insure against the possibility of a contestant winning an improbable but expensive award, such as $1 million US for hitting a hole-in-one on a golf course, or a luxury world cruise for a winning spin of a roulette wheel. In return for a single premium payment, the insurer agrees to pay the award if a contestant earns it fairly. When an underwriter receives a request for an insurance quote, either from a promotions company that isplanning the contest or from a company with its own promotions department, he uses the Contest Modeler application to precisely describe the planned contest and the coverage requested, and to store the contest model in a machine-readable format. Then, the underwriter uses the Contest Query application, which reads the contest model and queries a collection of audited contest results to find records of similar contests. Then, the underwriter uses the Contest Estimator application to estimate the premium for the coverage request, and also to produce a report with a recommended set of conditions to provide with the quote. After consulting the report, the underwriter uses the Quoting Tool application to prepare a quote for the customer. Then, the underwriter sends the quote to the customer via secure email. If the customer accepts the quote, the underwriter uses the Contract Generator to prepare t contract for the customer, which he also sends via secure email. In the contract, the customer agrees to employ a contest auditorwho will report the audited results of the contest regardless of whether prizes are awarded. The underwriter uses the Contest Tracker application to add these reports to the collection of audited contest results. Note that all reports are delivered in a standard markup language that can be read by other software programs and either processed in the background or rendered visually.

Refer to the Scenario

The ArchiSurance chief information officer has asked you to explain the unique suite of applications that ArchiSpecialty uses to underwrite high-stakes contest insurance. You must model these applications, the services they provide and the data they access.

Which answer provides the best explanation?

Show Suggested Answer Hide Answer
Suggested Answer: C

Contribute your Thoughts:

Lucina
5 months ago
As an underwriter myself, I can say that Option C is spot on. Those apps sound like a well-designed system to handle this specialized insurance.
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Cherry
4 months ago
It's great to hear from an underwriter that Option C is accurate. The unique suite of applications seems essential for handling such specialized insurance.
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Tony
4 months ago
I agree, Option C seems to provide a detailed explanation of the suite of applications used by ArchiSpecialty for underwriting.
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Elin
4 months ago
Option C is definitely the best choice. It covers all the necessary applications for underwriting high-stakes contests.
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Georgeanna
4 months ago
It's great to hear that as an underwriter, you find Option C to be accurate. It's important to have a well-designed system for specialized insurance.
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Celeste
4 months ago
I agree, Option C seems to cover all the necessary aspects of underwriting high-stakes contest insurance.
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Ruthann
4 months ago
Option C is indeed the best choice. The suite of applications described seems very efficient.
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Lorita
5 months ago
I see your point, Cordelia. Option C does seem to focus on the services provided, but I still believe Option A provides a more comprehensive overview.
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Cordelia
5 months ago
I personally think Option C is the best choice because it offers a clear explanation of the services provided by the applications.
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Elena
5 months ago
I agree with you, Florencia. Option A seems to cover all the necessary information about the applications and the data they access.
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Jonelle
5 months ago
Hmm, I'm not sure. Option B also seems pretty detailed, but Option C does a better job of tying everything together.
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Phuong
4 months ago
Option C does a better job of tying everything together, so it might be the best choice.
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Rashida
4 months ago
Option B provides a lot of detail on the applications used for underwriting high-stakes contests.
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Kris
5 months ago
I agree with Rebecka, Option C seems to cover all the key details about the different applications and their functions.
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Peggie
4 months ago
Yes, Option C provides a detailed explanation of the applications and their functions.
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Leonida
4 months ago
I think Option C is the best choice.
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Florencia
6 months ago
I think the best explanation is Option A because it provides a detailed description of the suite of applications used by ArchiSpecialty.
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Rebecka
6 months ago
Option C looks like the most comprehensive explanation of the unique suite of applications used by ArchiSpecialty for underwriting high-stakes contest insurance.
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Kimbery
5 months ago
I agree, Option C seems to cover all the necessary information about the suite of applications.
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Fannie
5 months ago
Option C provides a detailed explanation of the applications used for underwriting high-stakes contest insurance.
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