Navigating the complexities of credit hire claims
Motor insurers grapple with credit hire claims due to inflated rates, constant disputes, and fraud lurking around every corner. The complex process drains resources, stalls resolutions, and demands specialised staff, making it a costly and time-consuming headache.
Streamline your motor claims management
Verisk's Managed Claims Services help insurers achieve significant cost savings, shorter claim lifecycles, and reduced fraud risks through a comprehensive suite of services.
Control costs and reduced indemnity spend
Proactive credit hire claim management reduces indemnity spend by making certain that insurers pay only for legitimate claims.
Holistic reporting for informed decisions
Verisk equips insurers with holistic litigation spend data to drive informed decisions and optimise claim outcomes.
Improved protocol adherence
Verisk streamlines claims processes and improves adherence to industry standards – both improving the customer journey and reduce claims costs.
Features and capabilities
Liability resolution
Efficient management and resolution of liability, reducing fault ratios and claim lifecycles.
Live hire management
Close tracking of open hire claims for cost-effectiveness and real-time monitoring.
Claims Investigation Unit (CIU)
A specialist team dedicated to identifying, questioning, and rejecting false motor insurance claims.
Protocol management
Flexible system rules to automate invoice settlement, with regular data reviews and suggestions for market-appropriate spend.
Subrogation
Handling payment and recovery of insurers' outlays to minimise claim lifecycles and litigation.
Claims analysis and settlement
Thorough analysis, negotiation, and settlement of invoices by claims experts in line with governing principles.
Litigation
Rapid identification and appropriate action on incoming legal proceedings to minimise delays and costs.
Do more with the Verisk ecosystem
Learn more about our full suite of claims solutions that provide compliance, fraud analysis, and further claims management tools.
Combating credit hire fraud with expertise and technology
Leverage subject matter experts and counter-fraud technology to combat fraudulent credit hire and associated claims.
Streamlined subrogation and expedited settlements
Transform subrogation and accelerate claim settlements with this cloud-based, SaaS platform.
Intelligent image analysis to expedite motor damage claim triage
Automatically triage motor damage claims into repair or total-loss workflows in seconds.
Real-time vehicle recovery alerts for insurers
Know when a customer’s vehicle is recovered by police after a road traffic collision or a theft.
Get in touch to learn more or book your demonstration
For product information, technical support or questions our team is available Monday through Friday, 8 a.m. - 5 p.m. GMT (except Bank Holidays, Christmas Day and New Year’s Day).
UK Contact Number:
+44203 8084265
