In uncertain times, look to cut costs

Personal injury claims reform has been put off again, and whether the new government will pursue reform is unclear. When the Prisons and Courts Bill 2016-17 (HC Bill 170) was scrapped, so were fixed tariffs to cap compensation payouts for whiplash injuries. That’s a blow to efforts to eliminate fraudulent and exaggerated claims from the […]

Now that the discount rate has changed, what’s next?

Insurers are still reeling from the drastic change in the discount rate that went into effect 20 March 2017. The rate is used to adjust lump-sum compensation payments according to the interest that claimants are expected to earn by investing it. Historically, the rate has adjusted settlements down, but poor returns on investments have led […]

ISO Recognised for Supporting the Industry at the 2017 Modern Claims Awards

Modern Claims Magazine is a leading UK trade journal, and its annual awards are judged by a diverse panel of experts from across the insurance industry. That’s why ISO is honoured to be recognised with the Supporting the Industry Award at the 2017 Modern Claims Awards. Congratulations are due especially to ISO’s Simon Bradshaw and […]

Customers to benefit from unification of claims solutions

Claims handlers are familiar with both ISO Claims Outcome Advisor® (COA™), the top quantum evaluation tool, and Xactware’s claims-handling tools for the property market. But what they may not know is that these industry-leading solutions have been offered by two business units that are part of Verisk Insurance Solutions. Now, customers of both sets of […]

ISO wins top U.K. claims award for Case in Point

ISO in the United Kingdom is pleased to announce that it has won the “Innovation of the Year”’ category at the Modern Claims Awards 2016. Organized by U.K. insurance publication Modern Claims Magazine, the Modern Claims Awards were established to recognize the outstanding achievements of individuals, companies, and solutions in and around the U.K. insurance […]

ISO’s Case in Point reaches final of Insurance Times Awards 2015 — short-listed for Business Partner of the Year

Leading U.K. insurance publication Insurance Times has announced the short list for its annual industry awards, with ISO in contention for Business Partner of the Year. After recently taking home the award for Claims Technology Initiative of the Year at the Insurance Times specialist TechAwards, we hope to add the equally prestigious Business Partner of […]