How award ranges are used to model estimates of possible Claims Award values. How to change the initial default proportion of 100% to other proportions with informative labelling, such as medium, high, and low. Range Refinements can be set for each Claim Group which makes this a powerful feature for forecasting different Outcome Values.
Efficiency Savings through Claims Modelling
Throughout the life of a liability claim, you make strategic decisions whether to settle or fight, based on an assessment of what the claim is
