nuvalaw is re-imagining the provision of legal economy5054228c-7578-4f81... · nuvalaw is...

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

“