Insurance Transaction
Insurance coverage of a service or merchandize
If a transaction is performed which should be recorded by an insurer,
for statistical purposes, or because a financial reimbursement is
to be performed (the service of merchandize is insured) the current
processes usually include mountains of paperwork and a lot of time...
See how the SIRB would expedite and simplify this process
- If the purchase of a service of good is to be sent to an insurrer
it is either because it is a good or service which is normally
covered by insurance (e.g. medical expenses) or because the customer
requests so.
- A summary of the goods or services bought is send to the SIRB
terminal for the customers approval
- The request is transferred to the SIRB
- The SIRB contacts the insurance data repository to request the
appropriate one for the particular customer and good or service.
- To the replying data repository the SIRB sends the encrypted
transaction
- The insurrer sends back to the SIRB the status of the request
- The SIRB informs the customer (not the seller) of the status
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