Take control and get visibility over litigation
Use SettleIndex to reduce the cost of casualty claims and improve client service and capital management.
Use SettleIndex to reduce the cost of casualty claims and improve client service and capital management.
Better results
SettleIndex harnesses the experience of your panel and feedback from previous claims to improve settlements.
Better panel performance
SettleIndex helps you make sure your panel get to the right reserve and settle cases earlier.
Better capital management
SettleIndex can help to improve capital management by reducing the overall cost of claims settlements.
We are faced with a large and intractable dispute – how do we reserve for it?
SettleIndex enables you and your lawyers to create a logical map of the issues in your case and model the financial impact of potential outcomes. Using your lawyer’s judgment of how likely outcomes are to occur, the software then helps you understand the value of the case and where a reasonable reserve may be.
Our insured has unrealistic expectations about the value of their claim, which is preventing us from resolving it.
SettleIndex helps align stakeholders around potential value, risks and costs. Once a case is formatted into a financial model it becomes difficult to argue with the output.
We want to settle the case but our lawyers think it’s too early.
SettleIndex enables you to create a clear cost/benefit analysis to help demonstrate whether continued litigation or settlement is most beneficial.
How can I get authority for a settlement range ahead of a mediation?
SettleIndex enables you to reflect how your opponent may be viewing the case, which helps identify reasonable settlement ranges between parties.
My panel lawyers say it is better to rely on their long experience and ‘gut feel’.
SettleIndex still depends on the experience and gut feel of your lawyers to work out the value of cases; but in a transparent and auditable structure.
My lawyers always send long documents, but what I really need are the numbers.
SettleIndex converts legal advice into financial models, providing clients with clear financial reports to make decisions against.
How can we leverage learnings from previous disputes?
SettleIndex stores structured data on cases, which can be a valuable source of reference for future disputes and creating a range of insights – from how well lawyers are able to forecast settlement values to when is the optimum point to settle a dispute.
How can we get a predictable and comparable process for resolving disputes across law firms?
Routinely modelling cases in SettleIndex will give you a repeatable experience and a feeling of control. Our Case History feature allows you to quickly identify where cases are diverging from their planned path.
My lawyers have just doubled what they need to get this dispute settled; this is terrible for my internal credibility.
Taking cases to trial is inherently risky and unpredictable, that is why most cases are settled. Lawyers tend to be both over optimistic at the outset of a dispute and also not to account mathematically for the downside risk. SettleIndex counters the trend for step reserving.
It feels often that we are spending $2 to save every $1 in claims settlement.
SettleIndex takes a holistic approach and tries to find the settlement value that achieves the best balance between paying the claim and paying defence costs.
Turn dispute uncertainty into decision-ready insight.
Give legal, finance and leadership teams a consistent view of settlement value, exposure and changing risk.
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