verify
Improving subrogation and mobility claims through automation
Simplify claims management with next-level automation
verify™ is a cloud-based, SaaS platform that is transforming subrogation and accelerating claim settlements. The solution uses predictive analytics and powerful rules-based analysis to automate claims processes, reduce human touches, and increase consistency in claim outcomes.
78% of the UK insurance market uses verify™ to streamline subrogation
Fast and consistent subrogation with fewer touches
Fast and consistent subrogation with fewer touches
With verify, insurers agree on the types and severity of claims that they will settle exclusively through an automated process on the secure platform. The solution combines rules-based scoring technology and five years of data for a more transparent and consistent settlement process with fewer touches.
verify automation drives efficiency:
- 60% of liability claims are paid with zero human touches
- 65% of subrogation claims are automatically paid within 10 days
Handle negotiations and resolution via online portal
For claims that fall outside the agreed parameters, the platform facilitates settlement negotiations and resolution, including document preparation and exchange.
Seamless integration — no ‘rip and replace’
Seamless integration — no ‘rip and replace’
verify is built on agile technology that is easily customisable. It can sit on top of existing claim platforms through simple, smooth integrations with legacy client systems or third-party systems.
Expert services for mobility and resolution
If insurers want to outsource claims-handling processes, verify provides an array services. Managed services include:
- Post-room and data extraction
- Live claim management
- Invoice analysis, negotiation, and settlement
- Credit hire arbitration
- Liability arbitration
- Claim investigation
For more Verisk claims solutions, check out:
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piCalculator
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