Insurance laboratories may also do the following tests:

Risk Assessment: Evaluates potential risks and exposures to determine appropriate coverage and premiums Testing
Actuarial Analysis: Uses statistical methods to assess and price insurance policies based on risk Testing
Claims Processing Testing: Ensures efficiency and accuracy in handling and settling claims Testing
Compliance Audits: Reviews adherence to regulatory and legal standards in policy issuance and claims handling Testing
Customer Satisfaction Surveys: Measures policyholder satisfaction with products Testing
services Testing
and claims experiences Testing
Fraud Detection Systems Testing: Evaluates the effectiveness of systems designed to identify and prevent fraudulent claims Testing