Jasz
VIP Contributor
Regulatory information retrieval system (RIRS) is a computerized system that allows insurance companies to store and retrieve information on their policies and claims. The system can help insurers determine whether or not a policy has been paid, or whether it is still valid. It can also be used by insurance companies to determine the financial impact of certain events, such as natural disasters or acts of terrorism.
The RIRS database contains information about policies, their terms and conditions, their claims history, and other information related to the insurance industry. Insurance companies use this database to determine how much money they owe when someone files a claim for damages resulting from an accident or other event.
RIRS also provides an overview of all claims filed with the company in question at any given time. This helps insurers identify trends in their business—such as whether there are more claims being filed than usual during certain times of year—and allow them to adjust their policies accordingly if necessary."
The RIRS database contains information about policies, their terms and conditions, their claims history, and other information related to the insurance industry. Insurance companies use this database to determine how much money they owe when someone files a claim for damages resulting from an accident or other event.
RIRS also provides an overview of all claims filed with the company in question at any given time. This helps insurers identify trends in their business—such as whether there are more claims being filed than usual during certain times of year—and allow them to adjust their policies accordingly if necessary."
