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To see who is giving them money. They also need databases to see who needs there money back to pay for an accident.

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Q: Why do insurance companies use a database?
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Related questions

Is there a database showing if an individual has a life insurance policy?

No there is no central database that connects all life insurance companies together. There are over 500 Life Insurance companies in the United States alone.


Is there a database of medical costs?

The insurance companies have their databases, but the only way for a layman to haveaccess is to have the procedure and get the billing.


What insurance company has a policy number starting with a?

Many companies have a policy number with an A in it. Policy numbers are not standardized or regulated by any government departments. Policy numbers are assigned by individual insurance companies themselves based on their own needs for their database programs. Companies often times use A (for Auto), PA (for Personal Auto), CA (for Commercial Auto), and on and on. Many times companies don't use letters at all and only use numbers.


Where do insurance companies go for records of applications for life insurance from other companies?

The M.I.B. (Medical Information Bureau) is a database where all insurers report the records found during the application underwriting for their clients. That's where they find information reported by other insurance companies as well.


Can insurance companies access your police records or previous insurance policy records?

Yes, they can pull your driving history from the state and your claims history from a national database.


Why companies use database?

to store its information so that it will be easily accessed


Is it legal for your insurance company to discuss your claim to an outside party?

Most of the time it is alright, in fact your claim could be reported to a national database for other insurance companies.


How do insurance companies use diagnosis codes?

how do medical insurance specialist use diagnosis codes


Who would need to use a database?

Hospitals, To keep Patient Records. Insurance Companies. Police Crime Records. Schools for student records Government agencies like tax for tracking Benefit departments Shops use them for till transactions and inventory Basically anywhere that requires the storage of data to use in their operation will use a database of some design


How do you find lost insurance policey for dead?

There is no national database for insureds, you would need to do some legwork to find out if a policy was in force and call quite a few insurance companies.


How many car insurance companies exist in the world?

there is no international database. You will have to contact each country in the world and then add them all up to get the answer.


How are database useful?

Databases store information. Some use database as an inventory. Large companies and stores use databases so they know what they have in stock and what they need to order.