Gemini is a global expert approval, expert panel management, instruction, expert fee settlement and reporting tool for insurers and their experts.
Gemini has 3 main purposes:
· Allows insurers to approve experts, undertake due diligence, create and manage panels, instruct experts and settle their invoices.
· Provides experts with a simple and consistent means of submitting invoices for payment on claims and receiving payment quicker than before.
· Provides meaningful management information to insurers on expert spend across the globe.
Insurers needed a better understanding of the amount being spent on experts globally. Additionally, it was taking too long to settle experts' invoices and brokers became less inclined to process invoices on behalf of experts. Alternative fee settlement processes were cumbersome, expensive or both.