Role of Information Technology on Claim Management in Insurance Sector: An Appraisal

Publication Information

Journal Title: Commonwealth Law Review Journal
Author(s): Dr. Jharasri Paikaray
Published On: 21/02/2022
Volume: 8
First Page: 43
Last Page: 48
ISSN: 2581-3382
Publisher: The Law Brigade Publisher

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Dr. Jharasri Paikaray, Role of Information Technology on Claim Management in Insurance Sector: An Appraisal, Volume 8, Commonwealth Law Review Journal, 43-48, Published on 21/02/2022, Available at https://clrj.thelawbrigade.com/article/role-of-information-technology-on-claim-management-in-insurance-sector-an-appraisal/

Abstract

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.

Keywords: Information Technology, Insurance sector, Gathering, processing and distribution of information

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