Abstract: A settlement evaluation tool includes a settlement evaluation module having a statistical model, and an inquiry portal module. The inquiry portal module is configured to perform operations that include electronically receiving data related to an insurance liability dispute between a first insurance carrier and a second insurance carrier, and transferring the data to the settlement evaluation module. The settlement evaluation module is configured to perform operations that include applying the statistical model to the data to obtain an outcome probability associated with a strategy for resolving the dispute, and outputting the outcome probability.

Abstract: A method and computerized system is disclosed for managing insurance receivable accounts. The method provides a combination of specific automation enablers and unique ruled based decision tools which are used to maximize recovery of the insurance receivable accounts. The method includes automation of collection strategies based in part on an automated decision support tool, for objective evaluation of data relating to any collection related decisions or activities, and a historical data warehouse, for comparison to all other insurance receivable accounts recorded. The computerized system entails a local area network of workstations, database server, file server, input devices, output devices configured by software for accumulating, processing, administering and analyzing premium insurance collection accounts in an automated workflow process environment.