Verisk Claims Revenue and Competitors

The motor claims market is a multi-billion pound industry and in the UK alone one in every six private car owners make an insurance claim every year. With this amount of money at stake, it’s no surprise that controlling the cost of motor claims is business critical and that insurers must continually look for better ways to manage the seemingly ever-increasing costs associated with claims settlement. Technology can play a big part in expense reduction and as one of the leading providers of specialist claims analysis services, Validus helps insurers (and a variety of other related entities associated with the motor claims management process), conduct their claims transactions in a seamless and efficient manner. \r\n \r\nWe work with many of the leading names in the industry globally and our verify™ claims management platform helps their handlers to achieve outstanding results on a daily basis, with unparalleled levels of consistency. Our technology is cloud-based, very easy to implement and secure. It is designed to make life easier for claims handlers by removing unnecessary and costly friction from the claims negotiation process, and has the capability to automatically and covertly identify fraud indicators, providing the platform upon which insurer fraud teams are able to establish their case for further investigation and/or prosecution.