Tech can reduce turnaround time for claim settlements by around 70%: RenewBuy2 min read . Updated: 21 Mar 2022, 11:46 AM IST
- Insurance so far has been majorly led by the traditional model, where claim settlement is a long and tedious process, both for consumers and insurance companies
Insurance is not just a product that consumers can buy and safeguard for the future; it is also a commitment that consumers expect the insurance company to fulfil when they face the most difficult times of their lives. Thus, the concept of claim settlement and fulfilment forms the most crucial aspect of any kind of insurance product.
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