A Insurance Management System Class Diagram is a visual representation of the components of a system and how they interact with each other. It is used to model the architecture of a system and indicate the structure of the data and processes used. It allows financial professionals to plan, control and optimize the use of resources in order to maximize financial performance. It can be used to develop business process designs, to identify gaps, and to enforce compliance with relevant regulations. The diagram also helps users to easily identify dependencies between tasks, and to understand and improve an existing system.