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Motoring News. Predict the outcome of your car insurance claim
A new Online Simulator, which gives possible outcomes of accident claims, has been given a big thumbs up by insurers.
Online Simulator - Quick facts
- Introduced by the State Court, the Online Simulator is aimed at resolving accident disputes more effectively.
- The predictor is designed to give you an indication of your possible liability following a road traffic accident.
How does it work?
Following an accident you will be guided through a question and answer format and the simulator will give you information that will help you decide your next course of action. It does this by using previous accident data, precedent cases and algorithms.
Simon Birch, CEO of Budget Direct Insurance, Singapore, believes the initiative is a major boon for motorists. He said:
"Making a claim can be a stressful time. We welcome any initiative that helps to smooth that process. Giving a motorist as much information as possible and helping them with their next course of action is a big step in the right direction."
We are delighted that this initiative is being introduced to make life easier for the customer.
When will it be available?
The online simulator is set to be introduced in the first quarter of 2019. In a statement, the State Courts, said: Having been apprised of the likely outcomes, they will then be able to engage in more meaningful settlement discussions and be better placed to decide on the next course of action they should take."
Also in the pipeline are plans to introduce an online platform that will help settle amounts based on information provided, plus an online mediation service for more complex cases that parties are unable to resolve on their own.
For more motoring warnings and tips, look out for regular posts in this series.