Keoghs has announced the next phase of its credit hire automation solution, with the launch of Sonic 2.0.
This landmark development further refines the groundbreaking platform, bolting on several key features including a depth of contemporaneous BHR data from multiple sources. As the only solicitor-led product with the proven ability to handle large volumes and deliver market-leading results, the addition of such data continues to strengthen this position.
Tested in-house on almost 50,000 claims since last summer’s launch, Sonic 2.0 now offers increased functionality, including:
At its core, Sonic automates the processing of credit hire payment packs for insurers, decreasing the average processing time of a claim by up to one hour and reducing costs by an average of £1,500. The solution’s advanced risk identification system is also backed by DTection, the largest fraud database in the market. Beyond processing payment packs in under two minutes, this latest iteration adds several strings to Sonic’s bow.
By utilising the latest BHR data from multiple sources, the system now allows for improved commercial opportunity identification, meaning users can instantly pivot to avoid exposure to increased claim costs.
Sonic 2.0 also analyses claims pre-litigation, highlighting cases with high dispute potential and aiding handlers with proactive settlement strategies.
The solution now adapts more effectively to CHO behaviour as well, tapping into 90% market coverage to arm insurers with data-driven negotiation strategies which can effectively counter CHO demands.
Head of Credit Hire, Gary Herring, was excited to reveal Sonic 2.0 to the market, saying:
“From its launch last year, Sonic has been developed with the key objectives of efficiency, consistency and cost control for insurers handling credit hire claims. Our ability to not just develop but to extensively test in-house and in real time, gives Sonic a significant edge over other solutions and ensures our partners are able to benefit from accelerated advancements in the evolution of the technology. This next phase continues to build on the key pillars and, through the deployment of real-time BHR validation, will further entrench our position as the leading solicitor-led credit hire solution.
Importantly, having already driven down indemnity spend with multiple CHOs, the enhancement of the solution’s dynamic rules engine will continue to elevate the strategic advantage Sonic provides to insurers”
To request a demo contact us at asksonic@keoghs.co.uk
For more information on the core elements of this revolutionary AI credit hire tool, visit the Sonic hub
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