Claim settlement refers to the behavior and process that one party handles the claim for compensation put forward by the other party according to certain basis. Claim settlement by an insurance company refers to the obligation of economic compensation or payment after the accident agreed in the insurance contract of the insurance company, when the insurance company receives the application report submitted by the insured or the insured within the specified time. After the insured transfers his risk to the insurance company, economic losses may or may not occur during the insurance period. When there is no economic loss, the insurance company will not give any economic compensation or compensation. When economic losses occur, the insurance company may not necessarily pay compensation or compensation, because some of the economic losses incurred by the insured are within the responsibility of the insurance company, and some are caused by non-insurance risks. Even if the economic loss is caused by insurance risks, it does not mean how much the loss is, and how much the insurance company compensates or pays. Insurance companies require higher professional skills in claims settlement. Judging from the operation process of insurance companies, claims settlement is the last link in the operation of insurance companies. But logically, the quality of insurance company's claims is directly related to the business growth and development of other parts of the insurance company, and ultimately to the economic interests and long-term survival and development of the insurance company, so the claim settlement link is the beginning of a new round of operation of the insurance company.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.