What is meant by Entities in a data model?

In the context of a data model, entities represent dynamic information that is crucial for illustrating the various components and relationships present in the system. In insurance applications, entities typically encapsulate significant real-world objects such as policyholders, claims, and coverage types. These are subjects that can change over time, reflecting the ongoing nature of insurance transactions and customer interactions.

By focusing on dynamic information, entities are designed to evolve based on user actions, transactions, and external factors. For instance, the information related to a claim can change as it progresses through different stages of the insurance process, making entities essential for capturing the current state and characteristics of various insurance business elements. Recognizing this, it's clear why understanding entities is fundamental to effectively modeling data within the Guidewire Insurance Suite and ensuring the system accurately reflects the operational realities of the insurance industry.