Identifying injury severity, determining general damages, negotiating settlements, and calculating reserves are all critical components of managing personal injury claims. The complex process requires the right tools to help claims handlers make faster and more precise decisions.
Personal injury costs account for 28% of motor insurance costs on average.*
Leveraging advanced analytics, extensive data, and powerful integrations, Verisk’s suite of personal injury solutions helps insurers manage claims from initial assessment to resolution. The solutions provide insurers with an array of capabilities:
Insurers can reduce claim life cycles, minimise risk, and manage personal injury claims proactively with the enhanced Claims Outcome Advisor suite. The solutions integrate with the Ministry of Justice (MOJ) Claims Portal and Official Injury Claim Portal and provide claims handlers the tools they need to drive fast and fair claim outcomes.
Learn how Verisk helps you meet the increasing demands of personal injury claims.
Fast and accurate special damage loss calculations are possible with piCalculator. The powerful software solution handles complex personal injury claim calculations in seconds, enabling claim handlers to settle claims faster.
Insurers can resolve personal injury claims without costly litigation through the verify™ platform, which facilitates low-cost alternative dispute resolution. The platform provides full visibility into personal injury claims and integrates with both claims portals.
*Source: Association of British Insurers