Incisive Media, publishers of top insurance magazines Insurance Age and Post, has announced the short list for this year’s Data, Analytics & Technology Awards for Insurance, with ISO in contention for Outsourced Partner of the Year. The prestigious judging panel includes Keith Aylwin, director at Ernst & Young, and Jonathan Rusby, software insurance lead at Accenture.
The ISO nomination is based on our innovative personal injury claims analytics tool, Case in Point, part of the ISO Claims Outcome Advisor® (COA™) product suite. Case in Point is an additional quantum assessment tool (QAT) component that combines data and analytics to accurately assess litigation risk attaching to alternative offers for personal injury claims that have similar injury severities and settlement outcomes. LV=, a long-established business partner that implemented Case in Point in 2014, provided metrics to demonstrate the effectiveness of our latest offering with a range of cost-efficiencies and a reduction in avoidable litigation.
Case in Point delivers those benefits by providing litigation risk analytics based on recent settlement patterns with specific claimant solicitors.
Our fingers will be crossed at the awards ceremony, which will be held in London on November 19, where we hope to repeat our recent Insurance Times TechAwards 2015 win and add to our awards haul for 2015.
For more details about ISO solutions for streamlining claims settlements, click here.