Law firm Clyde & Co has launched a new platform to speed up the claims process and slash costs.
The digital platform will initially provide six offerings including AI costs assessor, loss of earnings & pensions calculator, recoveries assistant, and accommodation claim calculator.
It is aimed at reducing the overall indemnity expenses for clients and accelerating the claims process using Clyde & Co’s casualty insurance legal expertise with automated intelligence.
Clyde & Co Global Insurance chief operating officer Natalie Griffin said: “Our casualty insurance operation has set itself the target of becoming the lowest overall indemnity spend provider to its clients. To achieve this, we’re investing heavily in digital innovation and transformation.
“Our new platform is a key part of that investment and will support our insurer clients by offering them cutting-edge technology and AI for claims automation backed up by our market-leading lawyers and best-in-class advice.”
Clyde & Co noted that the new platform will assist insurers in processing new instructions, fraud screening, reserve and offer calculations
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Clyde & Co head of digital for casualty Ben Parsons said: “Clyde & Co is embarking on an ambitious digital programme in casualty that will see insurers offered some truly game-changing technology. I’m thrilled to be leading this drive and working closely with so many major insurers, the partners in our casualty practice and others across the firm.”