Other Insurance Company Functions
Insurers perform other functions. They include information systems, accounting, legal, and loss-control services.
Information Systems
Information systems are extremely important in the daily operations of insurers. These systems depend heavily on computers and new technology. Computers have revolutionized the insurance industry by speeding up the processing and storage of information and by eliminating many routine tasks. Computer programs are widely used in accounting, policy processing, premium notices, information retrieval, telecommunications, simulation studies, market analysis, training and education, sales, and policyholder services. Information can quickly be obtained on premium volume, claims, loss ratios, ...
Get Principles of Risk Management and Insurance, 13th Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
