Give an idea how computers help the insurance industry
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However, technology has actually created an insurance market where insurers can make money off of claims if they play their cards right. Technology has completely transformed the claims process. ... Technology has made the claims experience more efficient, accurate, and easier to use than ever before.
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Insurance companies used sophisticated software to decide the price and conditions of a policy. When a set of conditions are decided to describe the policy conditions, the price is decided only after some algorithms are run.
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