Subrogation Solutions
Improve recoveries with faster subrogation
Identifying subrogation opportunities faster means less claim leakage, quicker recoveries, and greater customer satisfaction for insurers. ClaimSearch® Subrogation Solutions help insurers get those results by automatically delivering data essential to initiating the recovery process.
Learn how Subrogation Solutions can help you detect recovery opportunities
160 days is the average time from subrogation assignment to first dollar recovered on uninsured cases.
Never miss out on a subrogation opportunity again
Never miss out on a subrogation opportunity again
Insurance adjusters no longer have to waste unnecessary time evaluating a claim for subrogation potential or waiting for a police report to discover the adverse carrier. The Carrier Identified Notification feature provides automatic alerts within ClaimSearch whenever there’s another insurer on a claim and provides the third-party adjuster’s contact information when available.
Subrogation Solutions is part of a full suite of claims solutions that provide compliance, claims development, and deeper fraud analysis and tools.
New ways of accessing policy information speeds claim settlements
New ways of accessing policy information speeds claim settlements
Claim handlers spend a lot of time on the phone trying to get third-party policy information for subrogation purposes or to validate coverage. Fortunately, aggregated industry data and analytics are transforming this process. Learn how.
Get third-party coverage details closer to FNOL
Get third-party coverage details closer to FNOL
Easily find out a third party’s insurance coverage with the Policy Insights Report so you can quickly begin the subrogation process. The detailed report includes:
- policy information
- mailing address
- vehicle information
- driver information
- lienholder details
Subrogation Solutions Dashboard
Return or waive insured deductibles quickly
Discover more subrogation opportunities
Shorten subrogation cycle times and reduce loss adjustment expenses
Eliminate workflow inefficiencies with quick access to information
Enhance decision-making with new, innovative database
Enhance decision-making with new, innovative database
Unlock greater innovation in claims, subrogation, and underwriting with non-FCRA database initiative. The contributory database optimizes policy and claims data for powerful decision support.
For more Verisk claims solutions, check out:
Fast-track meritorious claims while improving fraud detection
Fast-track meritorious claims while improving fraud detection
ClaimSearch® is more than the world’s largest database of property/casualty claims—it’s also a robust claims intelligence platform. Its claims-matching technology is an essential first step in fraud detection, and the results can help facilitate fast-tracking. The platform also provides seamless access to integrated claims fraud-detection and investigative analysis tools.
Get missing details to complete claims
Get missing details to complete claims
Find the critical data you need at FNOL (first notice of loss) to help complete claims quickly and spot potential fraud. Decision Net® helps fill in the gaps with supplemental claims information from best-in-class sources. This extensive resource helps claims teams improve decision making, expedite meritorious claims, and increase the impact of SIU referrals.
Detect claims fraud quickly and accurately with predictive analytics
Detect claims fraud quickly and accurately with predictive analytics
Insurers need to determine quickly and efficiently whether a claim is likely to be fraudulent—or if it can be fast-tracked for settlement. ClaimDirectorSM uses the power of predictive analytics to score claims with greater accuracy and reveal questionable attributes.