Denial-Free Claims
A claims process in which covered losses are reimbursed without the usual denial friction, typically within a fixed window.
Denial-free claims describe a process in which covered losses are reimbursed without the friction and disputes common to traditional insurance — because the evidence is captured up front.
How it is possible
When the drop-in agent records the signals behind each approved account at onboarding, the proof needed to adjudicate a claim already exists. That lets covered losses be reimbursed within 30 days rather than contested case by case.
The caveat
Denial-free applies to covered losses and remains contingent on underwriting and approval terms. See how claims work.
Identity Fraud Loss Insurance
A financial-services product that indemnifies a business against monetary losses from identity fraud, transferring that liability to an insurer for a fixed premium.
MGA (Managing General Agent)
An entity that underwrites and administers insurance on behalf of insurers, with delegated authority to price and bind coverage.
Reinsurance-Backed Protection
Coverage whose claims-paying capacity is backed by rated reinsurers, giving it insurance-grade financial strength.
Risk Transfer
Shifting the financial consequences of a risk from your balance sheet to an insurer for a fixed premium.