IQPriority
IQPriority is the industry’s most advanced claim guidance system.
From FNOL, claims are routed to available adjusters most suited for their specific complexities. Claim severity and litigation propensity are analyzed daily and heads-up guidance is delivered to adjusters to enable timely, efficient, and cost-optimal claim closures. IQPriority serves leading carriers in General Liability, Workers Compensation and Disability lines of business.
Operational Business Value
Automated Adjuster Assignment and ‘Fast Track’
Drive lower expense ratio and more efficient claim handling.
Avoid Litigation
IQPriority’s litigation propensity analytics reduce loss costs.
Active-Claim Adjuster Dashboards
Detail severity factors to assist in consistent, optimal and transparent handling.
Manager Dashboards
Enable constant awareness of at-risk claims, regardless of stage.
Casualty Carriers Lurker Claims are 12% of a typical carrier’s inventory, but will drive 70% of their adverse development. Defined by their large unrecognized severity, these claims represent the largest opportunity to impact losses and control cost through more targeted and proactive claims management early in the claim lifecycle.
Product Overview
Disability Carriers use IQPriority to ensure the right claim goes to the right examiner, at FNOL. Handling expense falls dramatically, as does overall claim duration and total claim costs while customer service is increased with fewer transfers between examiners.
Product Overview
IQPriority segments incoming claims by working group, customized to each carrier’s existing or desired processes, with industry leading accuracy. As claims progress, IQPriority continuously scans the entire claim file, and alerts examiners to unexpected changes in claim trajectory and alerts management of escalations in claim severity.
Expense Containment via automated & precise fast-track
Loss Cost Containment via FNOL intervention & attention on severe claims
Workers Compensation Carriers use IQPriority to ensure the right claim goes to the right examiner, at FNOL and to guide handlers working high severity claims with significant litigation risk.
Product Overview
Adjusters and managers are alerted to high risk claims, high attorney involvement likelihoods, and material changes to expected claim costs.
Handling expense falls dramatically, as do total claim costs while customer service is increased with fewer transfers between examiners.
Expense Containment via automated assignment & precise fast-track
Loss Cost Containment via FNOL intervention & attention on severe claims
Casualty Carriers Lurker Claims are 12% of a typical carrier’s inventory, but will drive 70% of their adverse development. Defined by their large unrecognized severity, these claims represent the largest opportunity to impact losses and control cost through more targeted and proactive claims management early in the claim lifecycle.
Product Overview
Disability Carriers use IQPriority to ensure the right claim goes to the right examiner, at FNOL. Handling expense falls dramatically, as does overall claim duration and total claim costs while customer service is increased with fewer transfers between examiners.
Product Overview
IQPriority segments incoming claims by working group, customized to each carrier’s existing or desired processes, with industry leading accuracy. As claims progress, IQPriority continuously scans the entire claim file, and alerts examiners to unexpected changes in claim trajectory and alerts management of escalations in claim severity.
Expense Containment via automated & precise fast-track
Loss Cost Containment via FNOL intervention & attention on severe claims
Workers Compensation Carriers use IQPriority to ensure the right claim goes to the right examiner, at FNOL and to guide handlers working high severity claims with significant litigation risk.
Product Overview
Adjusters and managers are alerted to high risk claims, high attorney involvement likelihoods, and material changes to expected claim costs.
Handling expense falls dramatically, as do total claim costs while customer service is increased with fewer transfers between examiners.
Expense Containment via automated assignment & precise fast-track
Loss Cost Containment via FNOL intervention & attention on severe claims
Results at Top Carriers:
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