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Claim Predict

Accurately and easily forecast complex issues and claims

Finding a clear path to resolving disputes can be difficult, especially for complicated issues with many different factors. 

From algorithmic modelling and forensic analysis to the knowledge input from various teams — Claim Predict takes all of these factors into account to produce a single prediction, based on probabilities. You can easily and accurately determine the most likely costs and outcomes of delays, claims and disputes with Claim Predict.

Contact us to buy Claim Predict
Prefer the phone? +61 7 3155 3565
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The industry’s most powerful claim analysis tool

Claim Predict uses complex algorithms to develop an evidence-based assessment and prediction of your outcomes and risks. 

Claim Predict brings together all of your inputs and information, from various teams and experts, from legal to engineers, to managers and specialists. It uses this network of information in a structured, analytical and holistic way that removes bias and subjectivity and focuses on probability.

  • Easily determine the most probable outcome/s, and outliers
  • Converts many complicated inputs into a single most probable outcome
  • Accurately forecast and predict outcomes and outliers, using probability and analysis, and based on risk analysis

Tech-driven answers to complex claim issues

A claim may be complex, involving many issues, such as engineering change, legal entitlement, quantum, compliance with contract and more. Reduce the guesswork, subjectivity, and dramatically reduce the time taken to calculate probabilities, while improving accuracy, with Claim Predict. This sophisticated technology converts even the most complex issues into a single probabilistic distribution, resulting in fast, accurate predictions of complex matters.

Contact us to start using Claim Predict
Prefer the phone? +61 7 3155 3565

Your team’s knowledge, utilised

Claim Predict’s stand-out feature is its ability to aggregate the understanding, information and expertise of multiple teams, for holistic consideration, without bias. This allows you to take all factors into account, in a statistical and analytical way.

Advanced technology for more efficient claim resolutions

Claim Predict helps you come to a resolution quicker and more reliably. Claim Predict can calculate and forecast claim outcomes for:

  • Financial reporting & Insurance appraisal
  • Negotiation parameters & Litigation funding
  • Strategic claim management
  • Disagreements on quantum assessment, delay and contractual entitlement

How it works:

Claim Predict is a highly accurate prediction and analytical tool in complex environments. Claim Predict works for Project Controls and Project Management in the same fashion.

Here’s how it works for claims analysis:

  • Claim Predict uses a detailed and comprehensive computer modelling technique to estimate the claim 'book ends'.
  • Project teams (managers, engineers, lawyers, and experts) access the platform and provide responses to survey questions that feed into the model.
  • Claim Predict's algorithm then analyses the 'book-end' analysis and survey responses to create a probable range of claim outcomes.
  • Claim Predict then generates a report that is simple to comprehend.
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Updates data to improve forecasting accuracy

Claim Predict’s smart technology utilises previous survey results and runs analytics to integrate more reliability to team questionnaire answers and improve forecasting accuracy.

  • Brings together multiple inputs
  • Sophisticated forensic analysis
  • Advanced analytics and modelling
  • Aggregation of data and inputs from various sources
  • Provides a simple answer to complex questions
  • Provides a solid system and framework for analysis

Claim Predict’s origin story

Claim Predict is a unique and industry-leading forecasting software, developed to simplify complex issues and claims, whilst improving on accuracy and efficiency of the analysis and forecasting process.

Part of Lewis Woolcott’s cutting-edge software suite, Claim Predict was created by a team of innovation leaders with deep project management and claims experience, who believe in using the power of technology to create a clear path forward.

Reveal areas of strength and weakness

Identify areas to improve, in order to address them

Informs claim strategy

Assesses the cost and outcome of potential claims.

More accurate forecasting and better negotiation

Enter negotiations with fair intent, while minimising under-prediction of costs.

Collective knowledge aggregations

Bring various inputs and teams’ expertise together in one place, to be analysed objectively.

Complex cost calculations for delays

Gives you an impartial analytical guide for faster resolution.

Start using Claim Predict

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