Occurrence vs claimsmade insurance: Why it matters

Impact of Technology on Insurance
Advancements in technology have transformed the insurance industry in various ways, from improving risk assessment and underwriting processes to enhancing customer interactions and claims management. Technologies such as artificial intelligence, wdroyo insurance big data analytics, and blockchain are reshaping the insurance landscape and driving innovation.
Insurance Claims Process
When a covered loss occurs, policyholders must file a claim with their insurance company to receive compensation. The claims process typically involves submitting documentation and evidence of the loss, followed by an investigation by the insurer wisdom tooth removal cost with insurance. Once the claim is approved, the insurer will provide payment according to the terms of the policy.