Sep 26, 2024
Schaefer City Technologies Launches Its Innovative Nuclear Verdict® Exposure Calculator to Provide Insight into Insurers’ Exposure Risk
SAN DIEGO (September 26, 2024) – Insurtech startup Schaefer City Technologies announced the launch of an innovative tool, the Nuclear Verdict® Exposure Calculator, developed to raise awareness for insurers and reinsurers of their specific Nuclear Verdicts® exposure risk, given a set of parameters.
A complimentary resource accessible via the company’s website at www.schaefercitytech.com, the Nuclear Verdict® Exposure Calculator allows users to input key information, such as an average number of open liability claims, line of business, and states. Based on these parameters, the calculator computes current exposure to Nuclear Verdicts®. With the Nuclear Verdict® Exposure Calculator, insurance industry executives will know their company’s exposure to Nuclear Verdicts® today.
Schaefer City has already changed the industry with its award-winning software, NaVel®, the first-ever insurtech solution that provides an ever-updating predictive risk score throughout the life of a claim. Using over 10 million data points from hundreds of thousands of jury verdicts, settlements, and open claims, NaVel® uses AI to identify, manage and reduce the risk of Nuclear Verdicts® in live claim files. Whether NaVel® finds a claim to have a high or low risk of a Nuclear Verdict®, it equips claims professionals and executives with vital information to conduct proactive, well-informed, strategic discussions on the best course of action.
“We are thrilled to introduce the Nuclear Verdict Exposure Calculator as part of our ongoing commitment to providing cutting-edge solutions to our customers,” said Schaefer City Technologies CEO, Denise Tyson. “The Nuclear Verdict Exposure Calculator informs insurance industry executives about their Nuclear Verdict exposure risk. And when they’re ready to avoid Nuclear Verdicts at the individual claim level, we are prepared to help them with NaVel.”
The launch of the Nuclear Verdict® Exposure Calculator underscores Schaefer City Tech’s dedication to innovation and excellence in the insurtech space. By equipping insurance professionals with advanced tools and insights, Schaefer City Tech is helping to shape the future of risk mitigation.
About Schaefer City Technologies
Schaefer City Technologies is an award-winning, innovative insurtech company that delivers software solutions to help insurance and reinsurance companies and their defense counsel spot and avoid Nuclear Verdicts®. Its first product, NaVel®, is applied to existing claims systems automatically as claims professionals work their file—from First Notice of Loss to Litigation—detecting the potential threat of a Nuclear Verdict® and providing a prediction score, which adjusts throughout the life of a claim as new information is added to the file. Schaefer City Technologies is the recipient of the 2024 Innovation Award from Business Insurance. For more information or to request a demo, visit www.schaefercitytech.com.
Media Contacts:
Jennifer Johnston, Plat4orm
jennifer@plat4orm.com, 415-547-9708