ISO Short-listed for 2014 British Legal Awards

By Tom Johansmeyer  |  October 21, 2014

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.

Tom Johansmeyer

Tom Johansmeyer is Assistant Vice President – PCS Strategy and Development at ISO Claims Analytics, a division of Verisk – insurance solutions. He leads all client- and market-facing activities at PCS, including new market entry, new solution development, and reinsurance/ILS activity. Currently, Tom is spearheading initiatives in global terror, global energy and marine, and regional property-catastrophe loss aggregation. Previously, Tom held insurance industry roles at Guy Carpenter (where he launched the first corporate blog in the reinsurance sector) and Deloitte. He’s a veteran of the US Army, where he proudly pushed paper in a personnel position in the late 1990s.