CHICAGO February 15, 2018
Navigant (NYSE: NCI) today announced that its PACE mass tort claims management arm has integrated artificial intelligence (AI) and machine learning capabilities into its claims management platform. Created through the combined talents of Navigantâ€™s economics and legal technology solutions experts, the platformâ€™s new features streamline the process of identifying lawsuits that will be dismissed with no payment.
The enhanced platform allows mass tort defendants and their defense counsel to allocate resources on high-value claims and avoid activity on lawsuits where over-naming of defendants is suspected to be happening according to the insurance community.
â€œLeveraging AI technology helps us better serve our clients by providing thorough document analysis and clear resolutions to data-heavy claims,â€� said Brad Drew, managing director in Navigantâ€™s Disputes, Forensics, and Legal Technology (DFLT) segment and the PACE business unit leader. â€œAs new innovations and rapidly increasing volumes of data continue to transform the legal industry, use of our enhanced claims platform ensures that our clients are well-positioned to receive the best possible lawsuit resolutions.â€�
Product enhancements were developed at the behest of asbestos defendants in order to achieve superior lawsuit resolution outcomes amid declining budgets for legal spend. Law firms with national defense accounts and insurance companies that control litigation for a defendant have embraced the technology for its cost-saving properties and transformational effects on their business processes. The new efficiencies generated by this technology have led to margin improvements for law firms and an overall decrease in defense spend for the insurance community.
Navigantâ€™s PACEweb claims management platform combines the firmâ€™s professional expertise in mass tort claims, insurance and reinsurance, information management and project management with modern systems and technology to provide clients with cost-effective solutions for litigation needs.
Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global professional services firm, that helps clients take control of their future. Navigantâ€™s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage, and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the firm primarily serves clients in the healthcare, energy, and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigantâ€™s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at https://www.navigant.com/.
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