nuvalaw is re-imagining the provision of legal economy5054228c-7578-4f81... · nuvalaw is...
TRANSCRIPT
NuvaLaw is re-imagining the provision of legal
services to unlock the potential of the digital
economy
Our uncomfortable reality
Congested
information
exchange. 63%
of operational costs spent
on claims
settlement. Wasted time
And wasted costs. 63%
The current problem in motor claims settlement
The Solution
NuvaLaw is an inter-
party negotiation &
adjudication platform
that brings together
tools, processes and
services to reduce the
time and cost to settle
claims.
40% reduced costs and indemnity payments, 90%
claimant lawyers participated due to increased revenue
Evidence from South African Bodily Injury project
40 000 personal injury claims processed
4 times faster than Courts
Gaining traction with forward thinkers
NuvaLaw’s Collaborative Methodology
Managed processes to reach facilitated outcomes
Upload
Managed processes to reach facilitated outcomes
Negotiate
Managed processes to reach facilitated outcomes
Adjudicate
Platform business models are already disrupting
revenue and customer engagement in every
industry.
By 2022, platform business models will create
new market leaders in 50% of all industries.
Gartner : Predicts 2018
A blueprint for building legal processing & settlement platform ecosystems
NuvaLaw Platform Architecture
Based on Gartner’s platform description
Congested information exchange
in unresolved claims
63% Of Opex
on claims
Legal information Highway
Structured negotiation & adjudication
FROM TO
> 2yrsTo settle 50%
of claims
£900Paid to court
on ave. claim
>20% Claims settlement
Opex Saving
4xQuicker to
settle claims
£200Less spent per ave
adjudicated claim
Unique processes and disruptive tech make us relevant, right now
The NuvaMotor Platform results
Smart evolution through co-creation
• Enhanced management information
• Big data analysis & transparency
• Predictive analysis on liability &
quantum
• AI & machine learning
• Blockchain immutability leads to
automated smart contracts
Benefits of blockchain
• One version of the truth
• Fraud detection
• Payments
www.nuvalaw.com
It always seems
impossible until it’s done.
Nelson Mandela
“