The traditional insurance operating model is an extraordinarily robust one that operated for a long period of time. However, it is starting to experience the digital impact as well. It is altering the delivery of services and products, as well as the structure of those services and products, and even the operating model itself. In […]
How are Claims Estimated in General Insurance Policies?
Claims are estimated in General Insurance Policies based on the: Terms decided at the beginning of the policy The type of policy The type of asset insured The Assessors Report All claim payments under general insurance policies will also account for applicable deductible and co-payment clauses before paying the claim amount. Case on How are […]