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Claim Quantification

oboloo Glossary

Claim Quantification

Claim Quantification Definition

A claim quantification is the process of determining the number of claims that will be paid out under an insurance policy. This can be done by looking at the policy’s terms and conditions, as well as any historical data that is available. Claim quantification is important because it helps insurers set premiums and limits on payouts. It also helps policyholders understand how much coverage they need.

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