A Digital Solution for Insurers to
Settle Claims Efficiently and Confidentially
Lower Cost to Settle Claims and Loss Adjust Expenses
Improve the Claims Experience for Policyholders
In the U.S. property & casualty Insurance sector alone, insurers lose approximately $150 billion annually just to negotiate and settle claims with their customers.
Insurer costs incurred to negotiate and settle claims can account for 10% or more of the indemnity value. Much of this is driven by inefficient, outdated processes that prolong settlements and strain resources.
Cybersettle offers insurers a streamlined, cost-effective approach to negotiation and settle claims.
Our platform facilitates secure, double-blind negotiations between insurers and claimants, eliminating the need for extensive and expensive back-and-forth dialogue to settle.
The result? Faster resolutions, lower costs to settle, and a more efficient claims experience.
How It Works for Insurers and Claimants
Insurers submit an invitation to claimants to negotiate a settlement through Cybersettle.
Both parties submit confidential offers overthree rounds using our patented double-blind negotiation process.
Upon resolution, claimants are notified and insurers can proceed with payment - no phone calls or paperwork required.
A fully digital, user-friendly platform that allows insurers and claimants to engage anytime, anywhere.
Our patented double-blind process ensures a fair and private negotiation without revealing either party’s offers.
Eliminates the delays of traditional negotiation, reducing cycle times and lowering operational costs.
As policyholder expectations evolve and cost pressures intensify, insurers must adopt solutions that meet both financial and customer experience goals. Cybersettle enables:
Cybersettle enables:
Faster settlements without increasing overhead
Reduce cost to settle and improved claims professional productivity
A transparent, consistent brand experience for claimants