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Data, Digital & Innovations
- Calculation tools – A range of calculation tools to ensure quick and accurate claims handling. - Data Extraction and Analytics – Deep dive analytics to enhance processes and decision-making Product spotlights: - Fraud Screen and Fraud Edge brings you enhanced fraud detection and risk profiling. They combine AI with market- leading counter-fraud expertise and opponent insight, making use of internal and external datasets or holistic fraud view. - Claims Valuation Tool takes the time out of reviewing medical report and claim notification forms (CNF) to understand the value of a claim and the reason this value. Our advanced optical character and market reading technology can read any medical document and extract the relevant data with 99% accuracy. - Loss of Earnings & Pension Calculator is an easy to use tool that will result in indemnity spend savings through more efficient operational processes, and quicker and more appropriate settlement offers.
Clyde & Co Newton Combining Clyde & Co's legal expertise with automated intelligence, to deliver the lowest overall indemnity spend for our clients.
The insurance industry is changing as never before. Digitalisation, big data, the potential of artificial intelligence, fierce competition, pent-up pressure to achieve growth and new regulations are all increasing the need
for insurers to adapt at speed while extracting maximum value from the premiums they earn.
We have developed a series of innovative products as part of our new technology platform for casualty claims handling. As the biggest legal provider to the UK casualty market, with the largest data set, all our innovations draw on the deep experience of our legal, forensic and fraud teams, to provide automated solutions that span the claims lifecycle. One of our leading products for brokers is Searchlight, our advanced data analytics and visualisation platform. Through Searchlight, we proactively identify trends and emerging risks and provide Volumetric/KPI data to brokers on their portfolio of claims work, to assist with investigating location hotspots, areas of injury and settlement/reserving rates. The Clyde & Co Newton offering also includes: - Automation and Machine Learning – Combing machine learning with AI to automate routine claims processes.
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