What Does Quantitative Claim Auditing Mean?
What does Quantitative Claim Auditing mean? Read on to discover the definition & meaning of the term Quantitative Claim Auditing - to help you better understand the language used in insurance policies.
Quantitative Claim Auditing
A type of audit in which claim files are reviewed to determine whether file reserves and the number of claims match a computer-generated loss run. This type of audit places the emphasis on accuracy rather than on whether the claims are being handled adequately.
We hope the you have a better understanding of the meaning of Quantitative Claim Auditing.
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