ISO’s Case in Point is short-listed for Innovation of the Year at Modern Law Awards 2015

By Tom Johansmeyer  |  November 13, 2015

ISO’s roster of prestigious award nominations continues unabated with a nomination for Innovation of the Year at this year’s Modern Law Awards. ISO’s flagship insurance analytics solution Case In Point was the reason for the short-listing.

Part of the ISO Claims Outcome Advisor® (COA™) suite of products, Case in Point is an additional quantum assessment tool (QAT) component that combines data and analytics to accurately assess litigation risk relating to alternative offers for personal injury claims that have similar injury severities and settlement outcomes. Case in Point recently triumphed in the Insurance Times TechAwards 2015, where it took home the title of Claims Technology Initiative of the Year.

LV=, a long-standing ISO customer, provided the metrics of its successful first year of Case in Point adoption to the nomination, detailing quantifiable reductions in avoidable litigation and total payout spend.

Case in Point provides those benefits by delivering an array of powerful data analytics, including previous litigation history and settlement patterns to claim handlers, driving a reduction in over- and underpayment of settlements to improve insurers’ bottom line.

The awards ceremony will take place in London on November 19, where we hope to scoop another well-deserved award for this cutting-edge ISO solution.

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.