Verisk (Nasdaq:VRSK), a leading global data analytics provider, today announced the launch of piCalculator Portal Edition (PE), a new version of its market-leading piCalculator solution specifically developed to support claims through the existing MOJ portal and the new RTA Small Claims Track portal. The Portal Edition enables law firms and insurers to automate the management and processing of low-value personal injury PSLA (pain, suffering, and loss of amenity) and special damage calculations.
piCalculator PE can help law firms maintain profitability even when handling lower-value claims by reducing the time and manual touchpoints often required to evaluate damages. Also, by delivering process efficiencies, the solution can help speed up the resolution of personal injury claims.
“The Portal Edition of piCalculator is tailored to the requirements of claim handlers and law firms processing low-value claims for the existing MOJ portal and in anticipation of the RTA Small Claims Track portal being developed as part of the personal injury reforms next year,” according to Mark Hewitt, creator of piCalculator and director at Verisk. “We’re dedicated to making damage calculation and claim progression a painless experience for all parties, harnessing proven Verisk technology and introducing a highly intuitive user interface.”
piCalculator PE accelerates medical report evaluation through its General Damages Evaluation Module (GEM) and provides users with a feature-rich toolkit for loss of earnings and care claim calculations. Already in use by a leading law firm, the solution fully integrates with existing legal case management systems and can also be used within the Verisk Claims Outcome Advisor® A2A interface to offer insurers more extensive functionality.