Casualty & Liability Lines
EvolutionIQ is the industry’s first comprehensive claim monitoring and alerting system.
Each day, EvolutionIQ reviews all data, documents, and correspondence associated with a file, enabling carriers to stay on top of every claim. EvolutionIQ’s clear guidance platform triages incoming claims automatically, delivers actionable alerts on unrecognized severity to adjusters and management, and recognizes the signs of impending attorney involvement or litigation. This enables adjusters to spend their time where it is most impactful, leading to the successful, reasonable, and timely resolution of claims.
Core Business Value
Automated adjuster assignment
Triage claims in real-time based on claim trajectory & adjuster historical performance
Stop adverse developments
Live monitoring & alerting to halt unrecognized severity and escalations
Inventory X-Ray for Managers and Executives
Understand your entire book of open claims using EvolutionIQ to see every risk, on every claim
Standardize Expert-Level Claim Handling
AI-powered claim summarization makes predictions & risk factors easy to see for adjusters and allows them to act faster
Casualty Carriers
Casualty and liability claims often surprise claims organizations with eventual severity and cost, after months of missed opportunities for advantageous settlement. By monitoring all open claims with EvolutionIQ, adjusters are routed to the highest opportunity claims every day, with guidance and context on what to expect within each file.
Product Overview
EvolutionIQ extracts insight from all available data on each claim as it evolves, offering continuous predictive insight on claim elements from day 1 to closure. Skilled adjusters and managers use EvolutionIQ to ensure they are on top of at-risk claims and adverse development is kept in check.
Results at Top Carriers:
EvolutionIQ outperformed senior claims professionals on severity & eventual cost recognition in repeated blind trials across the claim lifecycle
Directly alerted claims teams on tens of millions of dollars in unrecognized severity
Insights so accurate, they are included in CEO dashboards for entire carrier groups
Application Features
- Claim management interface with customizable workflow to ensure high efficiency use
- Managerial and executive dashboards with drilldown reporting to easily monitor triage accuracy, litigation prevalence, fast-track efficiency, and overall system performance
- Software service with minimal IT requirements for the carrier. EvolutionIQ is responsible for carrier claim and external data ingestion, analysis, and reporting which allows for quick implementations