What is injury likelihood and why is it important?

Injury likelihood is commonly associated with the statistics of how many people are involved in car accidents or how many people are injured in car accidents. For instance, the chance of a particular individual being involved in a car accident is 1 in 366 for every 1,000 miles driven. In 2020, this resulted in more than 4.8 million medical consultations.

However, these numbers do not give us detail on whether a particular individual will be injured in a particular accident. With so many variables to consider, such as; age, sex, position, car type, speed, impact type, impact direction, and restraint use, insurers have a hard time understanding what injuries are likely. In the past, gaining this understanding required extensive information and expertise, which increased the time to develop informed decisions.

Thanks to Talem AI’s technology, we can now comprehend an accident, injury likelihood, and many other factors at the start of the claim. This is incredibly valuable information early in the claim, allowing insurers to segment assign and reserve more accurately while communicating with claimants empathically. It will become increasingly important to understand injuries earlier in the claim process as insurance continues to modernize at a rapid pace.

If you are not looking to understand injuries earlier in the claim, it might be time to start.