Cybersettle Overview
Cybersettle is the world leader in accelerated dispute resolution. Cybersettle pioneered and holds patent rights to, among other things, the automated, online, double-blind bid, dispute resolution system. Our unique multi-step settlement method consists of Cybersettle’s renowned Web-enabled settlement application, followed by optional telephone facilitation. Our expedited process allows parties to resolve a wide range of claims quickly and confidentially.
The online service generates high-speed settlements by matching offers and demands. Parties can settle disputes instantly, 24 hours a day, 7 days a week via the Internet, or by calling our Customer Service Center during normal business hours. To capture the momentum created by the online process, Cybersettle also offers the services of highly trained telephone facilitators, who work with both sides to achieve a mutually satisfactory settlement outcome.
Cybersettle has handled over 100,000 transactions and has facilitated over $1 Billion dollars in settlements, including bodily injury and other types of insurance claims.
Cybersettle's automated dispute resolution method and system is protected by U.S. Patent Nos. 6,330,551, 6,850,918, 6,954,741, and 7,249,114. Cybersettle has similar patent protection in numerous countries.
Who Uses the Cybersettle System?
Insurance companies, third party administrators, self-insured entities and municipalities are realizing significant reductions in claim cycle time, administrative expenses and legal fees when using Cybersettle.
Claims professionals find that the system helps them avoid communication difficulties, increases productivity and enables them to focus on more complex claims, thereby reducing claim overload and increasing closure rates. Currently, there are over 2,000 claim offices and 10,000 claim professionals who are registered users of the Cybersettle system.
Attorneys use Cybersettle to resolve clients’ cases faster, more efficiently and have experienced increased client satisfaction. There are over 75,000 U.S. lawyers registered in the Cybersettle system and approximately 30,000 lawyers have used Cybersettle to facilitate the settlement of their clients' cases.
Cybersettle expedites settlement by eliminating egos and posturing. Both sides get to the “bottom line” quickly and confidentially, knowing that their figures will not be revealed to the opposition. Even if parties do not settle online through Cybersettle, the dispute can settle shortly thereafter through traditional negotiation, or with the assistance of our telephone facilitators because Cybersettle moves parties closer to resolution.
We encourage you to give it a try. You will settle faster!