ISO and WARP Technologies Join Forces To Dramatically Reduce Personal Injury Claims Lifecycles
It is understood that a collaboration between two companies is going to allow an increase in the speed and the accuracy of personal injury claim settlements, because it is going to provide a direct link between doctors and insurers.
The ISO, or Insurance Services Office Limited, is the leading provider of personal injury claim solutions in Britain, and has excitedly announced its collaboration with a WARP technologies. WARP produce medico-legal software, and it is understood that the integration of the two companies' main system, is going to allow them to product the first complete solution to the digitisation of the medical report system that currently exists between doctors and insurers. It is understood that a combination system will reduce the time that a claim takes, which is excellent news for those that suffer a personal injury incident in the future.
WARP will be producing highly accurate medical reports, which will then be imported into the ISO's system. This will allow for an intelligent database to be created, that will have a history of settlement amounts for various injuries. This system is likely to cover approximately 18.000 medical conditions. The management of personal claims is likely to be made far easier by implementing this database. Doctors will be able to make accurate medical reports in a relatively short space of time, which will then be made available to the legal representatives of claimants, and also insurance companies. The seamless integration of the two systems will be likely to cancel out the misinterpretation of medical reports, and will also serve to eliminate data entry errors. This is because the data will be entered by a medical expert, and not the individual that is dealing with a claim. The desired effect will also be to reduce negotiation disputes between solicitors and insurers.
The overall effect is going to be the speeding up of the whole process of making a claim, which can only be beneficial to the person who has the injury. Even though the majority of injuries that are related to motoring incidents, merely involve whiplash, the process of receiving compensation often takes as much as 12 months. This amount of time will be greatly reduced by the integration of the two systems.
It is understood that WARP are market leaders, and they have a lot of doctors already using their systems. They are picking up more doctors at a rate of ten a week, which is a steady level of growth. The system is so effective, that it has significantly aided no fewer than 80.000 claims in the last year alone. The technology is obviously extremely efficient, and is set to become even better, as more and more people subscribe to its use. The streamlining of the whole process is going to benefit every party involved.
With a number of major insurance companies getting involved, as well as all of the doctors, it is looking as if the integration of the two systems is set to be a defining moment in the industry. It is being viewed as the most dramatic progressive step within the injury thus far, and is being hailed as revolutionary.