The ISO Claims Outcome Advisor team in the UK has been shortlisted for the 2014 British Legal Awards. ISO is one of seven finalists in the Supplier of the Year category.
The nomination is based on the effectiveness of the innovative PICAS® Plus tool, which has helped solicitors remain competitive in the wake of the Jackson Reforms. According to The Law Society, the reforms could lead to solicitor fee reductions of 15 percent to 50 percent over the next three years. The automation afforded by PICAS Plus can help solicitors reduce overheads, increase efficiency, and generate more profit per case while increasing volume business.
PICAS Plus is the industry’s only product to digitise the personal injury claims settlement process. Developed in collaboration with medical professionals, claimant solicitors, and insurance companies, it standardises the evaluation of all injuries to provide fast and easy settlement for all parties.
Powered by the industry-leading ISO Claims Outcome Advisor® (COA™), PICAS Plus uses International Classification of Diseases coding and accesses a database of historical claim settlements with information covering 18,000 medical conditions. COA constantly monitors those values and updates the database, taking into account recent settlements and solicitors’ valuations.