Find Out What ClaimDeck has been up to in Q3: Clients, Partnerships, Insights, & Events
Remarkable Growth
Oh, how we have grown!
ClaimDeck continues to surge forward, attracting a diverse array of professionals who recognize the power of innovation. Over the past two quarters, our platform has experienced remarkable adoption rates, reaffirming our commitment to revolutionizing Litigated claims management.
Law firms have embraced ClaimDeck with enthusiasm, experiencing a staggering 225% increase in adoption, as they discover the efficiency and transparency our platform offers.
Carriers, the backbone of the insurance ecosystem, have surged ahead with a remarkable 350% growth in their adoption of ClaimDeck, solidifying their trust in our cutting-edge solutions.
Third-party administrators (TPAs), key players in the claims process, have joined the movement, with a 100% increase in their use of ClaimDeck.
These astounding adoption rates underscore our dedication to empowering all sectors of the industry with the tools they need to navigate the future of litigated claims management successfully. We look forward to continuing this journey of growth and innovation with our valued partners and clients.
New Partnership
ClaimDeck and CLARA Analytics: A Game-Changing Partnership for Litigation Management
ClaimDeck and CLARA Analytics have joined forces to reshape the litigation landscape. The leaders in litigation management and AI-driven insurance tech are collaborating to empower carriers with innovative solutions for navigating rising litigation rates and costs.
ClaimDeck's SaaS-based platform and CLARA Analytics' AI technology form a powerful alliance to optimize litigated claims outcomes. With a focus on reducing costs and enhancing legal decision-making, this partnership brings unmatched tools to the industry.
Dwayne Hermes, ClaimDeck's CEO, says, "CLARA's AI-driven solutions are a game-changer for casualty claims management. This collaboration offers unparalleled tools that can make a measurable impact on claim outcomes and save millions in legal expenses."
This partnership equips carriers, MGAs, reinsurers, and self-insured entities with the ability to leverage collaborative capabilities and AI-guided claims expertise. The result? Enhanced decision-making, reduced legal costs, and faster resolutions.
For the full article, click here.
Feature Release
Compliance Score
Introducing ClaimDeck's Compliance Insights Report: Enhancing Claim Progress Assessment
We are thrilled to introduce a groundbreaking addition to our platform – the ClaimDeck Compliance Insights Report. This report introduces a health score that tracks the advancement of litigated claims, setting a new standard for clarity and uniformity in engagement between insurance carriers and defense counsel.
CLAIM SCORE
ClaimDeck's Compliance Insights Report: Enhancing Claim Progress Assessment
Incorporating both the ClaimDeck Recommended Guidelines and carrier-specific Litigation Management Guidelines, the Compliance Insights Report meticulously evaluates the compliance status of each claim.
By identifying areas in alignment and those at risk of veering off track from the required reporting timeline, this feature empowers proactive decision-making.
Key Benefits of the Compliance Insights Report
Improved Compliance: Pinpoint non-compliant aspects and receive recommendations to drive compliance, fostering seamless collaboration within ClaimDeck. The ultimate outcome: swift and equitable claim resolution.
Enhanced Communication: This feature facilitates collaborative efforts between law firms and insurance carriers, ensuring legal professionals function harmoniously within a consistent and standardized framework.
Increased Transparency: Forge stronger bonds by fostering transparency between law firms and insurance carriers. By strengthening trust and refining relationships, our Compliance Insights Report advances the industry as a whole.
We're excited to empower your claims management journey with this transformative feature. Watch as ClaimDeck revolutionizes the landscape by providing actionable insights for progress assessment, and together, we move towards a more efficient and productive future.
Events
Publications: Embracing our Passion: Navigating Claims Litigation Through Knowledge
In this quarter's collection of publications, we are thrilled to bring you an update on our passionate journey through claims litigation. Over the past few months, we have been deeply engaged in sharing valuable insights. Our collaboration with Fell Consulting has yielded illuminating articles as part of the London Market study. Additionally, our thorough examination of the CLM 2023 Study has allowed us to dissect its implications comprehensively.
Moreover, our recent partnership with Clara Analytics stands as a testament to our commitment to advancement in the field. Together, we are shaping innovative approaches that enhance our understanding of claims litigation dynamics.
Furthermore, our vantage point on the 2023 US P&C Insurance Market Report, as presented by S&P Global Market Intelligence, provides crucial perspectives on evolving trends in the industry.
As we continue to strive for excellence, we invite you to stay informed and empowered with our dedication to remaining at the forefront of claims litigation expertise. Please enjoy this curated summary of our Q2 publications, a token of our ongoing commitment to knowledge sharing and growth.
Bridging the Gap: Unravelling the London Market survey results where claims staff and lawyers share their gripes and wishes.
Bridging the Gap: Empowering Transformation by Resolving Challenges with Proactive Solutions.
In this blog, we discuss the results of the London Market survey and explore how ClaimDeck, a powerful collaborative platform, can help address the identified communication failures.
Harnessing Technology: A Catalyst for Change in Litigation Management.
This white paper will discuss the reasons behind this strong consensus in the CLM 2023 Litigation Study, leveraging the real-world experiences of Hermes Law and ClaimDeck, and demonstrate why this decision is both necessary and promising.
The 2023 US P&C Insurance Market Report by S&P Global Market Intelligence has revealed a turbulent time for the P&C industry, marked by historic profitability followed by significant challenges in 2022. This white paper analyzes these findings and proposes a robust solution.
Podcast Alert
We were pleased to be invited to a podcast episode of Profiles in Risk.
In Episode 443 - Claims and Legal Unite, our Co-Founder, Silvia Diaz-Roa, engaged in a conversation with Tony Cañas, CPCU, MBA, AU, ARM, ARe, AIC, AIS from Insurance Nerds Podcast. Together, they explored the journey of creating ClaimDeck and delved into the realm of innovation, technology, and collaboration.
Silvia expertly highlighted how the innovation gap that had held back claims litigation was successfully closed. The combination of domain expertise and cutting-edge technology has resulted in smoother, faster, and more efficient claims and legal collaboration.
You can listen to the episode here.
Advancements Unveiled in Partnership with Codal
We are thrilled to unveil the recent strides made as we expanded our collaborations with our development partner, Codal. This partnership leads us to embark on an exciting journey, significantly enhancing the ClaimDeck platform through the integration of state-of-the-art AI capabilities.
Our primary objective will revolve around simplifying the intricate processes inherent in claim litigation. Through this enhancement, our clients will gain the ability to redirect their energies towards delivering optimal services to their own clientele.
The utilization of AI's potential will result in heightened operational efficiency, a reduction in overall costs, and a remarkable acceleration in the pace of dispute resolution. However, our ambitions don’t conclude here. Our scope will extend beyond operational enhancements, encompassing the delivery of comprehensive analytics. These analytics, in turn, will empower strategic decision-making within the realm of risk management.
These remarkable developments are being made possible through collaborative discussions and fruitful interactions with Codal, our esteemed development partner. We look forward to the continued progression of our partnerships, as we collectively strive to redefine excellence within the claim litigation landscape.
Gathering Insights on our New Worker's Compensation Feature
We hosted a productive working session aimed at collecting feedback on our recently introduced Worker's Compensation feature. We extend our heartfelt gratitude to Annette Labarre, WCLS, AIC, and Milly Ortiz from MSIG Holdings (U.S.A.), Inc., as well as Cristina Aguirre from Sompo International, for their valuable participation and insights.
At ClaimDeck, our commitment to engaging with real users goes beyond a single event; it is an integral part of our design and development process. Every feature we bring to life is molded by your experiences and requirements.
We extend our appreciation to all those who consistently assist us in ensuring that our tools not only exhibit user-friendliness but also deeply resonate with individuals navigating the complex Worker's Compensation landscape.
Stay connected with us as we continue to refine and enhance the Worker's Compensation feature based on invaluable input!
Reflecting on Our Experience at Camelot Insurtech Clinic
We express our sincere gratitude to Camelot for affording us the incredible privilege to engage with their extensive network through a presentation.
The dedication that Camelot exhibits in fostering innovation and collaboration within the industry serves as an inspiration to us. Their commitment to creating a platform for meaningful dialogues and connections is truly commendable, and we are deeply honored to have been a part of this endeavor.
The June Camelot Insurtech Clinic emerged as a valuable opportunity for three insurtech companies, including us, to benefit from the insights of experts within the field. The session was undeniably enriching!
ClaimDeck™ eliminates claims litigation leakage for carriers while driving process into the law firm, modernizing the litigation process.
Contact Dwayne at dwayne@claim-deck.com.
Follow Dwayne Hermes, ClaimDeck, and Hermes Law on LinkedIn.