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While some insurtech companies seek to aid traditional insurance processes, others want to replace them completely. Here’s what carriers need to know about the insurtech landscape today.
Predictive analytics allows insurers to identify areas of concern and to examine every step of the claims process. Improving this often-complicated process allows insurers to better serve their customers while realizing better bottom-line results.
The following article provides a general background of the accounting and actuarial considerations when evaluating a company’s recognition of death, disability and retirement (DD&R) reserves for claims-made professional liability coverage.