SettleIndex selected for Lloyd’s Lab Cohort 6. Find out more.

Take control of claim outcomes and costs

SettleIndex changes legal process and culture by introducing data-driven risk management for litigation. Reduce the cost of claims and improve client service and capital management.

Reduce legal spend

At the heart of SettleIndex is the power to drive fundamental change in the legal process, empowering clients to make earlier settlements at lower cost. 

Faster, lower cost settlements

Avoid costly defence and investigation processes and make earlier, risk-based decisions on settlement.

Make informed decisions

Justify settlement decisions by applying an algorithmic approach to valuation and resolution. 

Improve risk assessments

Ensure lawyers are taking their own costs into account, assessing the risk of all outcomes, and including the potential cost of not settling  into their risk assessments.

Litigation Risk Analysis

Manage law firm performance

Litigation performance is difficult to assess. SettleIndex aligns incentives between clients and law firms, and provides you with the ability to measure performance.

Measure performance

Measure the performance of law firms with a range of KPIs. Set meaningful metrics for lawyers based on your business goals.

Align incentives

Innovate new charging structures based on value, cost effectiveness and performance rather than time and cost.

Inform panel selection

Understand which firms and lawyers deliver the best value and use it to inform panel selection and review.

Drive innovation through data

Over 90% of cases settle, yet structured data is rarely collected on the process. SettleIndex collects detailed data on litigation, informing strategy and driving innovation in ways of working.

Improve case reserving accuracy

SettleIndex enables consistent case reserving across law firms and can be configured to your reserving philosophy.

Analyse patterns and trends

Build up a proprietary data set of litigation activity and use it to inform future disputes and obtain competitive advantage. Analyse patterns with visual dashboards, and build reports based on your objectives.

Collect and export data

SettleIndex provides a wealth of data that can be exported to data science teams, actuaries or existing modelling systems.

Aid compliance and audits

Collect detailed data on decision-making and justification to aid compliance and retrospective audits.

“Insurers have made huge progress in claims service, but there’s been one area where we’ve been relatively static – and that’s in the relationship with lawyers. There’s been no burning platform for change because actual performance has been difficult to measure. With SettleIndex, for the first time, we can drive change in the legal market and provide claims handlers with the data to manage performance. That’s revolutionary, and its impact could be huge, benefiting everyone – insured clients, brokers and insurers. SettleIndex is an opportunity to create significant and sustainable change.”

Nick Sinfield – former CEO, Catlin / former Group Head of Claims, Tokio Marine Kiln

Lloyd's Lab

SettleIndex has been selected as one of eleven startups from 177 applications to join the next cohort of the insurtech accelerator.

Lloyd's Lab
Product
Solutions

Create financial models for disputes and make informed, risk-based decisions.

Change legal process and culture through data-driven risk management

Create KPIs for lawyers and get visibility through visual dashboards and alerts.

Inform litigation strategy and demonstrate a value driven approach.

Collect structured data on litigation and drive innovation in ways of working.

Make commercial decisions on settlement and reduce legal spend.

Book a Demo

Trial free in your organisation. Book a demonstration with our team now.