Verisk has acquired Rebmark Legal Solutions, the creator of PI Calculator.
Based in Sheffield, Rebmark sells software to claimant and defendant lawyers and claims handlers that helps them with the preparation of schedules of loss.
Together, Verisk and Rebmark will offer a combined set of solutions that span the scope of personal injury claims and provide analytics and decision support throughout the life of a claim
Verisk has said that its clients will now be able to take advantage of groundbreaking software and systems that save time, capture data, improve accuracy, and eliminate inefficiencies for those working in the injury claims sector.
“Rebmark’s solutions aid claimant and defendant lawyers, barristers, and claims handlers with the preparation of schedules of loss, which is particularly useful in complex, high-value injury claims where calculations can be very time-consuming and there is greater potential for error,” said Rich Della Rocca, president of Verisk Insurance Solutions—ISO Claims Analytics.
“Their innovative solutions are valuable additions to our existing claims offerings, including the ISO Claims Outcome Advisor [COA] product suite.”
Joe Pendle, the managing director of Verisk Claims Europe, said that the traditional COA solution suite typically helped clients address small and fast-track claims.
“By aligning with Rebmark, we will now be able to address multitrack claims, particularly in the catastrophic injury claims space,” he said.
Mark Hewitt, director of Rebmark, said that the company was excited to join the Verisk family of businesses.
“We look forward to adding our offerings to complement Verisk’s comprehensive suite of claims solutions and to helping customers automate otherwise manual, time-intensive work,” said Hewitt.