NuvaLa aLaw is re-ima imagining gining th the e provision - PowerPoint PPT Presentation

NuvaLa aLaw is re-ima imagining gining th the e provision vision of le legal al service vices s to unlock lock th the potential ential of th the e digital tal econ conomy

Our uncomfortable reality

The current problem in motor claims settlement Congested information exchange. 63% of operational costs spent on claims settlement. Wasted time 63% And wasted costs.

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.

Evidence from South African Bodily Injury project 40 000 personal injury claims processed 4 times faster than Courts 40% reduced costs and indemnity payments , 90% claimant lawyers participated due to increased revenue

Gaining traction with forward thinkers NuvaLaw’s Collaborative Methodology

Managed processes to reach facilitated outcomes Upload load

Managed processes to reach facilitated outcomes Ne Nego gotiat tiate e

Managed processes to reach facilitated outcomes Adjud judicat icate

Pl Plat atfor orm m bu busine ness ss mo models dels ar are al already ady disrupting rupting reven enue ue an and cu customer omer en engagem agement ent in ever ery y industr ustry. By 2022, By 022, pla latf tform orm bu business iness mo models els wi will ll cr creat ate e new w ma mark rket t le lead ader ers s in 50% % of al all l industr ustries. ies. Gartner : Predicts 2018

NuvaLaw Platform Architecture A blueprint for building legal processing & settlement platform ecosystems Based on Gartner’s platform description

The NuvaMotor Platform results Unique Uni e processes esses and disruptiv ruptive tech h make e us rele levant nt, , right ht now TO TO FROM OM > 2yrs £900 4x £200 63% >20% To settle 50% Paid to court Quicker to Less spent per ave Claims settlement Of Opex of claims on ave. claim settle claims adjudicated claim on claims Opex Saving Congest ngested d inform ormati tion on excha hange nge Lega gal l inform ormati tion on Highw hway in un unreso esolved ed claims ms Struc uctu tured red nego gotiati tiation on & a adjudi dica cati tion on

Smart evolution through co-creation En Enhanced anced mana nagem gemen ent t inform ormati tion on • • Big data a analys ysis s & transparen sparency cy • Predi dicti ctive e analys ysis is on liability lity & qua uantum • AI AI & machine hine learni rning ng Blockchain ckchain immu muta tabil bilit ity y leads ds to • aut utomat mated ed smar mart contr ntract acts

Benefits of blockchain • One e versi sion on of the e trut uth h Fraud ud det etecti ection on • • Pa Paymen ments ts

“ It always seems impossible until it’s done. Nelson Mandela www.nuv nuvala alaw.c .com