Description
THE RESEARCH PAPER:While your research paper will undoubtedly include a number of tables, diagrams, lists and other illustrations, the paper is to be written in narrative form using the APA style. Include citations to your research.
Your paper should include no fewer than 7 subheading or subsections that will correlate to the 7 questions above.Give each subsection or heading a name that is descriptive of what you are trying to achieve.Formatting for the paper is described in the sample APA format that provided.Please include a table of contents that will help me find each section or response to each of the 7 instructions above.
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Explanation & Answer
Attached.
Running head: RECORDS INVENTORY AND RETENTION PLAN AT IAS
Records Inventory and Retention Plan at Ias
Name
Institutional Affiliation
RECORDS INVENTORY AND RETENTION PLAN AT IAS
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Contents
Introduction ..................................................................................................................................... 3
Correlating Records Inventory and Retention Plan to Organizational High-Level Goals.............. 3
Increased Market share................................................................................................................ 3
Ensuring that the Organization is Analytics Driven.................................................................... 4
To develop processes that Ensure better Service Co-ordination and Provision throughout the
organization ................................................................................................................................. 5
To Improve Performance and Outcomes .................................................................................... 6
To guarantee quick access and recovery of Data in the event of a natural disaster .................... 6
To Maintain a Viable Retention and Destruction Scheduled for both the active and inactive
Customer Information ................................................................................................................. 8
Chosen Representatives and Selection Rationale ........................................................................... 9
Target Departments for a Survey .................................................................................................. 10
Property Insurance..................................................................................................................... 10
Information Technology department ......................................................................................... 10
Projected Departmental Record Types ......................................................................................... 11
Records Inventory Survey Form ................................................................................................... 13
Project Interview Questions .......................................................................................................... 14
Project Records Retention Schedule ............................................................................................. 16
Conclusion .................................................................................................................................... 17
References ..................................................................................................................................... 18
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Introduction
Information governance is an integral proponent in the effective management of
insurance companies. The contemporary business world has witnessed a significant paradigm
shift in the manner in which the ‘information rhetoric' is addressed. This project gives an outline
regarding the relevance of information governance in the records inventory and retention plan at
Insurance Assurance of the South (IAS).
Correlating Records Inventory and Retention Plan to Organizational High-Level Goals
The high-level goals identified previously within the property insurance category are
central in the realization of an effective information governance system within the organization.
An inventory and retention plan, specifically designed for the property insurance category, will
enable streamline the manner in which information flows into and out of the organization –
hence helping solve the problems that have been identified with the company’s information
management. The following description indicates how the plan can be tied to the high-level goals
identified:
Increased Market share
The insurance world is increasingly becoming dependent on digital data as a significant
component in the overall business paradigm (Laudon & Traver, 2018). There has been an
increase in online marketplaces where people can access listings of houses and proceed to
purchase without necessarily making a physical visit to the property. Subsequently, it is common
for an individual to secure a premium for some property that he does not know much about.
Insurance companies and other players within the housing industry have developed competitive
packages that will enable them to sell their premiums to potential clients. Given that every single
element of the industry is digital – from home listings, information about premiums, making
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online payments and reservations – insurance firms have realized the importance of maintaining
centralized data centers with are reconciled with every component of the firm for optimal
business performance. It is imperative that insurance firms must maintain dedicated capital in
governing the market’s info...