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Claims management is the structured process that insurance companies use to handle claims filed by policyholders. This involves steps designed to ensure claims are processed efficiently, accurately, and in accordance with the insurance policy terms.

(1) Claims settlement risk is the risk arising from the process by which insurers fulfil their contractual obligations to policyholders.
(2) The claims settlement process is triggered when a loss occurs and a claims notification is made to the insurer.

Claimed Form