What does Risk Management Information System mean? Read on to discover the definition & meaning of the term Risk Management Information System - to help you better understand the language used in insurance policies.
Risk Management Information System
A very flexible computerized management information system that allows the manipulation of claims, loss control, and other types of data to assist in risk management decision-making.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
We hope the you have a better understanding of the meaning of Risk Management Information System. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for: