Role of Information Technology on Claim Management in Insurance Sector: An Appraisal
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DOI:
https://doi.org/10.55662/CLRJ.2022.814Keywords:
Information Technology, Insurance sector, Gathering, processing and distribution of informationAbstract
Information Technology has become the backbone of every industry, especially for the insurance industries. This article sought to determine the role of information technology in claim settlement in insurance sector. The insurance market is an information based market since there is lot of gathering, processing and distribution of information and thus information technology is needed to manage all this information. This article shows the way in which information technology can be used within the insurance industry and how it helps companies to be more effective and efficient.
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