Fight or Settle? Analytics Promises to Disrupt Claims Litigation Handling for Carriers

October 18, 2018 by Denise Johnson

Labor-intensive and time-consuming, that’s how research connected to litigated claims files is often described.

Executive Summary

Learning that an insurance case before a particular judge will take over two years to get to summary judgment is a valuable insight that carriers can uncover from a legal analytics platform, helping the carrier with the ultimate litigation question: Do we fight or do we settle? According to Lex Machina executive Owen Byrd, the platform also delivers insights into a carrier's own case handling, information about law firm successes to vet new firm appointments and competitive intelligence about how the insurer stacks up against other carriers.

Time is a commodity, and if a case requires researching applicable laws, venues, judges and jury awards, the cost can be exorbitant. But analytics may prove to be the tipping point, offering research results in a matter of minutes.Executive SummaryLearning that an insurance case before a particular judge will take over two years to get to summary judgment is a valuable insight that carriers can uncover from a legal analytics platform, helping the carrier with the ultimate litigation question: Do we fight or do we settle? According to Lex Machina executive Owen Byrd, the platform also delivers insights into a carrier’s own case handling, information about law firm successes to vet new firm appointments and competitive intelligence about how the insurer stacks up against other carriers.