Consensus works with the claimant creating their schedule using either piCalculator or from within Consensus directly. Once the schedule is complete (or head of loss is completed), it is made available to the defendant along with any additional information and report that are required by the other side to consider the losses.
The objective is for the parties to reach a ‘Consensus’ on each of the heads of loss without needing to resort to expensive litigation. All negotiations that take place within Consensus are done on a without prejudice basis, providing protection to both parties throughout the process. It may be possible to resolve the entire claim without the need for a Joint Settlement Meeting (JSM) or other form of ADR, but even in cases that do progress further, using Consensus will narrow the issues making settlement easier.
Consensus is currently being piloted by a number of claimant firms and insurers. For further information or to join pilot, please contact us.