SOURCE: Mitratech

Mitratech

August 12, 2009 11:15 ET

Mitratech Expands Insurance Claims Litigation Solution Framework

The Legal Operations Management Software Leader Is Driving Combined Ratio Improvements for Insurance Clients With Enhanced Fraud Detection and Statistical Rollup Capabilities in the Insurance Litigation Solution Framework

LOS ANGELES, CA--(Marketwire - August 12, 2009) - Mitratech, the market and technology leader in collaborative accountability and legal operations management software, announced today that it has expanded the scope of its Insurance Claims Litigation Solution Framework. The framework, based on the TeamConnect platform, has been in use at major insurers for more than 20 years. The new edition includes upgraded capabilities for litigation trend analysis and fraud detection.

"We're always trying to help our insurance clients drive continuous improvement to their operating ratios," said Afshin Behnia, CEO of Mitratech. "The new insurance claims litigation solution framework is a powerfully expanded tool for claims management executives to use in determining the optimal strategy for minimizing both loss and expense in claims."

The current recession has proved tough on insurers, with pressures to reduce costs occurring just as litigated claims, as well as fraudulent claims, are on the rise. Insurance claims managers face great pressure to cut litigation expenses such as outside counsel fees while improving their ability to detect fraudulent claims.

TeamConnect's Insurance Claims Litigation Solution Framework is designed to provide claims managers with accurate, real time data on how claims are being litigated across a large claims organization. This practical intelligence about claims enables improved productivity for the claims department, which contributes to an improved expense ratio for the carrier. By helping staff attorneys gain a better understanding of effective claims defense practices, as well as detecting fraud, the framework helps narrow the carrier's loss ratio.

For more information, visit www.mitratech.com.

About Mitratech:

As the leader in legal operations management software for more than two decades, Mitratech has pioneered the concept of collaborative accountability. Working with more than 100 of the Fortune 500, Mitratech's constant focus has been on enabling businesses and their trusted partners to work together in a flexible but highly secure environment, reducing exposure to risk and sharpening operating discipline. Powered by the company's best-in-class TeamConnect Enterprise Platform, Mitratech's applications span corporate legal automation and governance, risk and compliance. Application highlights include matter management, legal e-billing and litigation holds.

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