Use of Computers in Insurace Sector
Insurance companies are keeping all records upto-date with the help of computers. Insurance companies, finance houses, and stock broking firms are widely using computers for their concerns.
Insurance companies are maintaining a database of all clients with information showing:
- Procedure to continue with policies
- Starting date of the policies
- Next due installment of a policy
- Maturity date
- Interests due
- Survival benefits
- Bonus