April 9, 2013
, 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.
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
, 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."