Quantitative claim auditing

{
  "id": "MLC-T-INS-002777",
  "term": "Quantitative claim auditing",
  "field": "Insurance and risk management",
  "definition": "An analytical review of the numerical data associated with insurance claims to assess their financial accuracy and efficiency. This audit examines metrics such as average claim costs, processing times, payment accuracy, and reserve adequacy. It often involves statistical analysis and data sampling to identify trends, anomalies, and potential cost savings within a claims portfolio.",
  "url": "https://mlchart.com/terminology/insurance/quantitative-claim-auditing/"
}