Claim Management

Claim management is the process of handling requests for compensation or benefits, often relating to insurance, legal issues, or contractual disagreements. It involves reviewing, documenting, and assessing the validity of a claim, communicating with involved parties, and deciding whether to approve or deny the request. Effective claim management ensures that claims are processed efficiently, fairly, and in accordance with policies or agreements. It helps organizations minimize financial risks while providing timely resolutions for those making claims, maintaining transparency and trust throughout the process.