GUIDEWIRE ASSOCIATE EXAM BANK ACCURATE
CURRENTLY TESTING EXAM VERSIONS WITH 300
ACTUAL QUESTIONS AND DETAILED ANSWERS
WITH A STUDY GUIDE / EXPERT VERIFIED FOR
GURANTEED PASS /GUIDEWIRE ASSOCIATE
ANALYST EXAM LATEST UPDATE
What are the benefits of implementing InsuranceSuite using the base
configuration?
- Transform business operations with innovation
- Keep current with technology trends in the industry
- Leverage product documentation, best practices, standards, and tools
- Leverage Guidewire consultants and expertise
- Leverage industry best practice built into InsuranceSuite applications - CORRECT
ANSWER ✔✔- All of the Above
What are the potential impacts of reinventing legacy systems or features?
- Increased development time
- Decreased cost
- Performance Issues
- Increased maintenance responsibilities
- Limitations and challenges with upgrades - CORRECT ANSWER ✔✔- 1, 3, 4, &5
- Increased development time
- Performance Issues
- Increased maintenance responsibilities
Pg. 1
,- Limitations and challenges with upgrades
Identify strategies and tools you can use to avoid reinventing legacy systems and
and features when implementing InsuranceSuite applications.
- Prepare for elaborating requirements by reviewing Inception Notes
- Use the legacy system requirements as a starting point
- Compare system changes to business objectives for alignment
- Leverage the benefits of sticking to the base configuration
- Refer to the Strategic Value Map to identify the value of the change
- Demonstrate standard functionality in the InsuranceSuite application that will
accomplish the same results
- Point out the impacts to budget development time and maintenance
management
- Refer to the process they are familiar with in their current system - CORRECT
ANSWER ✔✔- 1, 3, 4, 5, 6, &7
- Prepare for elaborating requirements by reviewing Inception Notes
- Compare system changes to business objectives for alignment
- Leverage the benefits of sticking to the base configuration
- Refer to the Strategic Value Map to identify the value of the change
- Demonstrate standard functionality in the InsuranceSuite application that will
accomplish the same results
- Point out the impacts to budget development time and maintenance
management
Identify the Business Objective or Business Strategy that this requirement is
aligned with:
Pg. 2
,Succeed Insurance wants users to be able to collect additional information about
a business premises. It is important to know details about previous damage to
buildings on the property, and any precautionary measures taken to protect the
property, prior to issuing new insurance. This would include location, age of
structure, evidence of subsidence, details of any structural damage that have
occured since constructed, and added monitoring systems such as smoke
detectors and burglar alarms. (Select one)
- Bring product and product changes to market faster
- Decrease reliance on IT for product maintenance
- Improve efficiency through increased straight-through processing
- Make changes to base configuration to gain competitive advantage
- Maintain Underwriting excellence with reduced loss experience - CORRECT
ANSWER ✔✔- - Maintain Underwriting excellence with reduced loss experience
Which of the Guiding Principles below would you reference when making a
decision about whether to implement the follow requirement:
For simple, small business that may be very budget conscious, Succeed Insurance
currently offers customers the option of splitting their down payment into two
payments. Succeed would like for the new system to automatically split a
customer's large down payment into two payments. (Select all that apply)
- We are not bound by the way we have always done things in the past
- We will challenge current processes
- We will leverage best practices built into the Guidewire software
- We will drive adherence to product alignment to reduce total cost of ownership
Pg. 3
, - We will strive for common workflows, processes, and systems across the
organization
- We will automate that which can and should be automated
- We will limit scope as far as practical to accelerate time-to-market - CORRECT
ANSWER ✔✔- When marking a decision to change an InsuranceSuite application,
weighing the impacts against ALL of the Guiding Principles can help ensure the
decision is correct.
Which of the following describes the unique approach Guidewire recommends for
elaborating requirements when leveraging standard features?
- Leverage functional requirements already available in user story cards for
standard Guidewire products as a starting point
- Refer to the functional requirements that were used to implement the legacy
system
- After everyone agrees to a solution for the requirement, functional
requirements are documented from scratch - CORRECT ANSWER ✔✔- Leverage
functional requirements already available in user story cards for standard
Guidewire products as a starting point
Identify the common pitfalls to avoid when elaborating requirements to maximize
the value of InsuranceSuite (Select all that apply)
- Referring to the standard user story cards for InsuranceSuite
- Suggesting requirements be placed on the backlog
- Allowing personal filters to influence requirements or solutions
- Accepting a solution offered as a requirement
- Asking questions that do not solicit details
- Assuming the requirement is correct or needed
- Confirming the requirement is aligned with the business objectives
Pg. 4
CURRENTLY TESTING EXAM VERSIONS WITH 300
ACTUAL QUESTIONS AND DETAILED ANSWERS
WITH A STUDY GUIDE / EXPERT VERIFIED FOR
GURANTEED PASS /GUIDEWIRE ASSOCIATE
ANALYST EXAM LATEST UPDATE
What are the benefits of implementing InsuranceSuite using the base
configuration?
- Transform business operations with innovation
- Keep current with technology trends in the industry
- Leverage product documentation, best practices, standards, and tools
- Leverage Guidewire consultants and expertise
- Leverage industry best practice built into InsuranceSuite applications - CORRECT
ANSWER ✔✔- All of the Above
What are the potential impacts of reinventing legacy systems or features?
- Increased development time
- Decreased cost
- Performance Issues
- Increased maintenance responsibilities
- Limitations and challenges with upgrades - CORRECT ANSWER ✔✔- 1, 3, 4, &5
- Increased development time
- Performance Issues
- Increased maintenance responsibilities
Pg. 1
,- Limitations and challenges with upgrades
Identify strategies and tools you can use to avoid reinventing legacy systems and
and features when implementing InsuranceSuite applications.
- Prepare for elaborating requirements by reviewing Inception Notes
- Use the legacy system requirements as a starting point
- Compare system changes to business objectives for alignment
- Leverage the benefits of sticking to the base configuration
- Refer to the Strategic Value Map to identify the value of the change
- Demonstrate standard functionality in the InsuranceSuite application that will
accomplish the same results
- Point out the impacts to budget development time and maintenance
management
- Refer to the process they are familiar with in their current system - CORRECT
ANSWER ✔✔- 1, 3, 4, 5, 6, &7
- Prepare for elaborating requirements by reviewing Inception Notes
- Compare system changes to business objectives for alignment
- Leverage the benefits of sticking to the base configuration
- Refer to the Strategic Value Map to identify the value of the change
- Demonstrate standard functionality in the InsuranceSuite application that will
accomplish the same results
- Point out the impacts to budget development time and maintenance
management
Identify the Business Objective or Business Strategy that this requirement is
aligned with:
Pg. 2
,Succeed Insurance wants users to be able to collect additional information about
a business premises. It is important to know details about previous damage to
buildings on the property, and any precautionary measures taken to protect the
property, prior to issuing new insurance. This would include location, age of
structure, evidence of subsidence, details of any structural damage that have
occured since constructed, and added monitoring systems such as smoke
detectors and burglar alarms. (Select one)
- Bring product and product changes to market faster
- Decrease reliance on IT for product maintenance
- Improve efficiency through increased straight-through processing
- Make changes to base configuration to gain competitive advantage
- Maintain Underwriting excellence with reduced loss experience - CORRECT
ANSWER ✔✔- - Maintain Underwriting excellence with reduced loss experience
Which of the Guiding Principles below would you reference when making a
decision about whether to implement the follow requirement:
For simple, small business that may be very budget conscious, Succeed Insurance
currently offers customers the option of splitting their down payment into two
payments. Succeed would like for the new system to automatically split a
customer's large down payment into two payments. (Select all that apply)
- We are not bound by the way we have always done things in the past
- We will challenge current processes
- We will leverage best practices built into the Guidewire software
- We will drive adherence to product alignment to reduce total cost of ownership
Pg. 3
, - We will strive for common workflows, processes, and systems across the
organization
- We will automate that which can and should be automated
- We will limit scope as far as practical to accelerate time-to-market - CORRECT
ANSWER ✔✔- When marking a decision to change an InsuranceSuite application,
weighing the impacts against ALL of the Guiding Principles can help ensure the
decision is correct.
Which of the following describes the unique approach Guidewire recommends for
elaborating requirements when leveraging standard features?
- Leverage functional requirements already available in user story cards for
standard Guidewire products as a starting point
- Refer to the functional requirements that were used to implement the legacy
system
- After everyone agrees to a solution for the requirement, functional
requirements are documented from scratch - CORRECT ANSWER ✔✔- Leverage
functional requirements already available in user story cards for standard
Guidewire products as a starting point
Identify the common pitfalls to avoid when elaborating requirements to maximize
the value of InsuranceSuite (Select all that apply)
- Referring to the standard user story cards for InsuranceSuite
- Suggesting requirements be placed on the backlog
- Allowing personal filters to influence requirements or solutions
- Accepting a solution offered as a requirement
- Asking questions that do not solicit details
- Assuming the requirement is correct or needed
- Confirming the requirement is aligned with the business objectives
Pg. 4
