FREE online courses on the Basics of a Computer - COMPUTER APPLICATIONS -
Insurance and Stock broking
Insurance companies, finance
houses and stock broking firms also make use of computers. Here conditions and
requirements are similar to those in banking. Large files of information have to
be retained and updated, interest rates and bonuses have to be calculated,
policy statements and renewal notice have to be prepared and payments made. In
the buying and selling of stocks and shares various calculations have to be
made, contract notes drawn up and files consulted and amended
The computer is also beginning to
be used as an aid to more efficient investment management. Up-to-date and
accurate information can be obtained by consulting data bases relating for
example, to UK or foreign securities, or to the share price index. Armed with
this information, stockbroker is in a better position to use his judgment and to
take decisions.
