This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Datacert Boosts Investment In Insurance Technology Solutions

HOUSTON, April 9, 2013 /PRNewswire/ --  Datacert, Inc., the premier global provider of software solutions for enterprise legal management, announced today that it has escalated its investment in its line of claims defense solutions for property and casualty insurers.  Over the past year and a half, the company has seen strong demand from carriers for its claims defense software, acquiring several new insurance clients for its Passport ® solution.  Datacert's decision to align additional funding and resources against research and development for its claims defense products is calculated to build upon and accelerate the company's current success in the insurance vertical.  Datacert will showcase its claims defense solutions at several upcoming insurance industry events.

(Logo: http://photos.prnewswire.com/prnh/20130409/DA90780LOGO)

(Logo: http://photos.prnewswire.com/prnh/20120118/MM37540LOGO)

Datacert claims defense solutions support the procurement, management, and delivery of legal services for claims organizations, including software for management of litigation and outside counsel spend, as well as day-to-day case management by staff counsel law firms.  These solutions, built on Datacert's patent-pending technology platform, Passport, are designed to help claims departments select the best legal resource for each case, reduce legal expenses, manage cases more efficiently and effectively, and get better results from counsel.  Datacert advanced business intelligence tools, such as the Passport Litigation Decision Analysis and Optimization Module, complement its claims defense solutions by providing insurers with enhanced decision support, helping them resolve cases earlier and make more accurate decisions about reserves and fair settlement value.    

"In 2013, we've increased our R&D investment for claims defense solutions by 60%.  This amount alone exceeds what some of our competitors spend annually on all product R&D projects and has allowed us to add some really compelling new product features and functionality," commented Shaheen Javadizadeh, vice president product management and strategic markets, Datacert. "Beyond continuing to enhance the products, we've also hired additional staff who bring experience from top P&C carriers in claims operations, litigation management, and claims IT.  Their experience and understanding of the needs of claims organizations helps inform our insurance product offerings and enables Datacert to take a best practices-based approach when implementing our claims defense solutions."

Datacert will showcase the latest versions of its claims defense solutions by sponsoring or participating in a variety of upcoming events for the insurance industry:

  • 2013 CLM Annual Conference, April 10 to 12 in San Antonio, Texas
  • 2013 ACORD LOMA Forum, May 6 to 8 in Las Vegas, Nev.
  • America's Claims Event 2013, June 19 to 21 in Austin, Texas

Datacert will also launch a new Meet the Experts series to explore and discuss best practices for insurance claims defense and its technology enablement.  Meet the Experts is an ongoing Datacert program that features industry thought leaders and seasoned legal, claims, compliance, and technology professionals who share their insights and expertise through educational podcasts, webinars, and other content. 

"These industry events and thought leadership forums will provide the opportunity to connect with claims executives, professionals, and counsel to demonstrate technology's critical role in empowering more strategic and cost-effective sourcing, management, and delivery of legal work," said Javadizadeh.  "In addition, we'll be able to share the latest product enhancements that our investment in Passport claims defense solutions has produced and illustrate how Passport is uniquely able to help insurers improve expense and loss ratios by reducing legal costs and achieving better case outcomes."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs