With the whiplash reforms and introduction of the Official Injury Claims (OIC) Portal, insurers and claimant representatives need more efficient processes to assess medical reports to determine the nature of injuries sustained and the right level of compensation. Smart automation can make it happen.
Verisk’s medical automation tool uses AI to help both insurers and claimant representatives triage medical reports to ensure the best possible experience for the injured party. Document classification automatically identifies medical reports from all documents added to the Claims Portal, extracting data in a consistent and structured format, providing key insights and a fair and consistent assessment of compensation to both parties.
Stage 2 automation helps claim handlers expedite the injury claim process by leveraging technology that extracts and reads medical reports, assesses injury severity and accurately determines general damages.
Verisk has assessed and helped provide fair and consistent compensation on over 2.5 million personal injury claims. This big dataset has enabled Verisk to develop a unique medical automation solution to provide claims professionals with a general damages assessment on 100% of soft-tissue injury claims.
Our solution encourages collaboration between both parties, as we stride towards a quick and frictionless process.