ClaimLens

A SaaS Technology Platform that uses the lens of AI / ML guided by a risk framework developed by experts to evaluate Legal Risks embedded in third-party bodily injury claims

Try ClaimLens

A complete review of your pending third party bodily injury claims portfolio

Early identification

Early identification in pending claims provides an opportunity to successfully implement mitigation strategies specific to the factors

Improve reserve accuracy

Improve reserve accuracy, reduce late development and improve outcomes by focusing on factors that most likely impact the outcome

Monitor risk trends

Monitor risk trends across the entire portfolio of pending claims

Correlate factors

Correlate factors with outcomes

Identify volatility drivers

Isolates specific volatility drivers by searching for key claim characteristics, venue, and attorneys involved

Improve claims assignment

Link claims to the right professionals

A powerful approach to managing latent risk in pending third-party bodily injury claims

Venue

Internal and external data drives objective and subjective evaluation

Reserve status

Internal data supplemented by available external benchmarks identifies potentially latent exposure

Attorney

Internal and external data used to guide subjective assessment of counsel

Claim characteristics

Structured and unstructured data in claim file that are indicators of potential volatility

Value proposition

Improve outcomes and efficiency through early identification of volatility factors and focusing professionals on specific mitigation strategies

In-house professionals

Focus in-house professionals on the claims that impact outcomes

Improved efficiency

Improve efficient use of outside legal resources

Monitor risk

Monitor the risk trend in your claim portfolio

Reduce latency

Reduce latent claim legal risks

Why ClaimLens?

US P&C insurers paid out $450 Bn in Claims in 2020

Liability losses and legal fees were ~$225 Bn+. These estimates do not include “Excess” payouts and payouts from self-insured companies (no data exists), indicating that the annual loss costs associated with 3rd party Liability claims exceed $225 Bn.

Social inflation contributes to increased Loss Cost

The impact of social inflation on third party liability claims has the attention of C-suite leaders in all insurance companies.

Legal Risk Technology platform which applies AI/ML to structured & unstructured data

Reach us at

USA: 2218 Broadway, #161
New York, NY 10024

India: Bhive Premium, JBR Tech Park
Whitefield, Bengaluru, KA 560066

Ph: +1 917 476 6662
Email: info@doclens.ai