Revolutionizing Litigation Management

ClaimDeck for Carriers

Harness the power of technology and business process management BPM for enhanced efficiency and success.

Welcome to ClaimDeck, the revolutionary technology and business process management (BPM) solution tailored specifically for insurance carriers and their litigated matters.

ClaimDeck is an integrated platform that seamlessly combines cutting-edge technology and BPM principles, allowing insurance carriers to transform their litigated claims operations, bolster efficiency, and thrive in the ever-changing landscape of AI.

Key Benefits of ClaimDeck

FOR INSURANCE CARRIER CLIENTS

ClaimDeck addresses the unique challenges faced by insurance carriers in the industry and offers a wide array of benefits and return on investment (ROI) opportunities:

Operational Efficiency & Performance Enhancement

  • ClaimDeck aids in controlling both direct claim costs and other operational expenses, resulting in significant cost savings. Improved insights into vendor costs associated with litigation ensure the right resources are deployed at the right time.

  • ClaimDeck promotes seamless communication among all stakeholders through real-time functionality and transparency. Ensure that all parties involved are on the same page, minimizing misunderstandings and expediting resolutions. The internal messenger feature allows secure communications with stakeholders involved in the claim, all while driving down that email inbox overload.

  • ClaimDeck's tools assist in workload management, task distribution, and performance monitoring, leading to improved productivity and efficiency.

  • ClaimDeck efficiently manages documents related to claims, storing them digitally for easy accessibility and security. Key documents are stored within the Claims Page of each case, allowing authorized parties within the attorney-client privilege to access them in a self-help, real-time environment.

  • ClaimDeck centralizes relevant case data, facilitating responses to requests for information or authority and increasing efficiency. The Requests module ensures complete and timely communication between counsel and claims regarding authority requests mandated by billing guidelines.

  • ClaimDeck's comprehensive management tools reduce the risk of adjusters feeling overwhelmed and resorting to an "assign and resign" approach. Real-time access and organized claims information empower claims adjusters to quickly find what they need, freeing up more time for applying human judgment to claims.

  • ClaimDeck assists with regulatory compliance and court requirements while enhancing security for confidential information. Features like the Tasks and Requests module help claims professionals stay on top of regulatory requirements, avoiding fines and increased regulatory oversight.

  • ClaimDeck makes claims data easily accessible and visible, providing transparency to help manage costs effectively. The detailed expenses module allows carriers to delve granularly into expense loads applied to claims, by line of business, adjuster, counsel, venue, and more.

Compliance & Security

  • ClaimDeck serves as an embedded data capture tool, providing robust data capture capabilities. Access granular data for in-depth analytics, enabling improvements in operations, better decision-making, and insights for underwriting decisions, policy enhancements, new product development, and risk management.

  • ClaimDeck provides granular data that enhances decision-making at various levels within an insurance carrier's operations. Access in-depth analytics for more informed, data-driven choices. In the future, ClaimDeck will offer recommendations for case valuations, budgets, and courses of action based on your historical data. Right now, ClaimDeck captures over 500 structured data categories and approximately 1,500 data points per litigated matter, delivering valuable data from both the law firm's and the carrier's perspectives.

  • ClaimDeck's detailed data informs underwriting decisions and reserve accuracy, contributing to improved risk management and financial planning. 

  • ClaimDeck helps identify and reduce leakage through optimized workflows and increased oversight, ensuring that resources are used efficiently. Modules within ClaimDeck facilitate risk transfer opportunities and lien resolution.

  • ClaimDeck's comprehensive data and communication tools assist in avoiding nuclear verdicts and seizing favorable settlement opportunities, resulting in substantial cost savings. Identify high-risk cases and improve decision-making through effective communication and oversight.

Data & Analytics

  • In today's tech-connected world, insureds expect real-time access to insights about their claims. ClaimDeck facilitates this self-help, real-time, technology-enabled access for insured parties, brokers, personal counsel, or any authorized individual within the attorney-client privilege.

  • ClaimDeck provides a platform for insured parties or their counsel to access real-time information about their litigated matters, improving customer satisfaction and minimizing allegations of bad faith. 

  • ClaimDeck equips carriers with valuable tools and data for effective panel counsel management and selection on a per-case basis. Gain insights into counsel performance to ensure the selection of the most suitable and cost-effective counsel for each case, leading to improved outcomes and operational efficiency.

  • ClaimDeck streamlines both internal and external audit processes, including those involving law firms, government agencies, and reinsurers. This streamlining results in substantial time savings, enhanced compliance, and reduced costs. Audit law firms more effectively with access to complete claims information, including a comprehensive audit trail, available through ClaimDeck in the cloud. Gain insights for better management of rate increase requests.

  • ClaimDeck's technology-driven processes optimize workflows, dramatically reducing case cycle times. This streamlined approach enhances overall operational efficiency, saving precious time and valuable resources. All cases are handled consistently within an organized framework equipped with best-in-class tools.

Calculating the ROI

We have conducted a comprehensive ROI analysis for each benefit offered by ClaimDeck. While the specific numbers will depend on your organization’s unique circumstances, we have provided an estimation of potential ROI in each area. By implementing ClaimDeck, you can achieve significant cost savings, increase revenue opportunities, improve client satisfaction, and enhance employee retention.

CLAIMDECK ROI CALCULATOR

The Tech-Enabled Carrier

8X RETURN ON INVESTMENT FOR CARRIERS FROM CLAIMDECK

In this white paper we dive into:

  • How ClaimDeck can increase your operational efficiency

  • An overview of potential financial savings for your company

  • A detailed analysis of ClaimDeck’s benefits

Unlock the Power of ClaimDeck 

To learn more about how ClaimDeck can transform your law firm's operations, drive profitability, and enhance client satisfaction, contact us today.