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.
Settlement Forecasting in Liability Claims
How early settlement benchmarks bring speedy settlement, cost savings and better governance One of the persistent challenges in liability portfolios is not a lack of
