Evaluating general damages for injury claims, pinpointing liability, determining fair settlements, and finding subrogation are all vital to effectively managing claims and preserving insurers’ bottom lines. But carriers have been challenged to accomplish these goals while resolving claims as quickly as possible.
Liability Navigator helps improve cycle times by 35 days.
Learn why Liability Navigator is an essential tool for all your injury claims needs—from claim triage to injury evaluation to negotiation and claim settlement. Get equipped to manage claims effectively and improve outcomes.
Liability Navigator® produces consistent assessments for general damages, even when claimants have preexisting conditions, multiple injuries, or complications. It empowers claims handlers to better manage injury claims with predictive medical and settlement models.
Read about the challenges of reviewing complex demand packages and new technology that can help simplify the process.
We explain how to get better results from demand package review with Verisk’s all-in-one solution set that can help your claims team.
Liability Navigator enables insurers to increase application of comparative liability from 8 percent to more than 20 percent.
A cutting-edge that tool utilizes natural language processing (NLP) and offers options for identifying and extracting certain terms within unstructured medical records resulting in expedited file review at a far lower cost than manual review.
$15,000 saved per year per adjuster in medical document review spend with Discovery Navigator. Based on an adjuster paid $55,000 reading 100 pages of medical information in about two hours with model correcting for human error.
A predictive analytics model is only as good as the data it analyzes. And if that data is inaccurate, it can lead to inconsistent settlements, claim leakage, and higher costs. Learn about the most common barriers to effective data analytics and how to overcome them by downloading the report Is Bad Data Ruining Your Claims Analytics?
Injury Evaluation Module
Assesses historical company data to generate consistent general damages assessments. The module provides claim matching to improve settlement decisions.
Accident Liability Module
Improves accident liability decisions and includes a predictive calculator to determine liability percentages.
A new analytics dashboard that helps managers and adjusters gain insights into how specific attorneys negotiate, compared to their peers, and perform against your business.
Personal Injury Protection Triage
Analyzes claim data to predict PIP medical and wage exposure severity from first notice of loss.
Find the critical data you need at FNOL (first notice of loss) to help complete claims quickly and spot potential fraud. Decision Net® helps fill in the gaps with supplemental claims information from best-in-class sources. This extensive resource helps claims teams improve decision making, expedite meritorious claims, and increase the impact of SIU referrals.
ISO ClaimSearch® is more than the world’s largest database of property/casualty claims—it’s also a robust claims intelligence platform. Its claims-matching technology is an essential first step in fraud detection, and the results can help facilitate fast-tracking. The platform also provides seamless access to integrated claims fraud-detection and investigative analysis tools.
Accurately determining workers’ compensation claim severity early is key to controlling claim costs. wcNavigator® uses predictive analytics to help adjusters and claims managers accurately identify claim severity as early as day one.
Complying with Medicare’s demands for future medical allocations requires deep knowledge of both medical and legal aspects of injury claims. We have a range of services to help you comply and expertly manage expenses.
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