PricewaterhouseCoopers (PWC) is developing a process which it says will enable insurers facing employers' liability (EL) claims to bypass the legal system.
PWC partner Dan Schwarzmann said the proc ...
PricewaterhouseCoopers (PWC) is developing a process which it says will enable insurers facing employers' liability (EL) claims to expedite the claims agreement process.
PWC partner Dan Schwarzmann said the process consisted of a series of targeted questions that when answered accurately by a claimant would enable the insurer to quickly assess the value of the claim.
Schwarzmann said PWC was developing the product in response to the problems facing the UK EL market, in which a growing compensation culture had seen claims, and subsequently insurance rates, escalate.
Schwarzmann said that in talking to stakeholders there was growing demand for alternative dispute resolution measures for the EL market from both insurers, and lawyers, who are facing a backlog of EL cases.
The product will be available by the end of this year.
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