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Payments for Costs and Investments in Insurance 4.0

In: Insurance 4.0

Author

Listed:
  • Bernardo Nicoletti

    (Temple University)

Abstract

The management of costs and investment is essential in all organizations. Insurance is no exception. Finances are crucial for insurance companies due to the reserve’s relevance to account for future disbursements connected with the claims. Due to the structure of the distribution and assistance, most of the costs in insurance companies depend on commissions for the intermediaries and expenses for claims. Due to their relevance in both cases, careful management is essential. This chapter analyzes in detail this aspect and considers its control in the vision of insurance 4.0. The model consists on leaning and digitizing the company. The rewards from this method could be extremely relevant also in the case of the insurance companies.

Suggested Citation

  • Bernardo Nicoletti, 2021. "Payments for Costs and Investments in Insurance 4.0," Palgrave Studies in Financial Services Technology, in: Insurance 4.0, chapter 0, pages 355-359, Palgrave Macmillan.
    • Handle: RePEc:pal:psincp:978-3-030-58426-9_13
    DOI: 10.1007/978-3-030-58426-9_13
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