The average time from subrogation assignment to first dollar recovered on uninsured cases is more than 160 days. Slow resolution for claims that involve subrogation costs time, money, and customer satisfaction. Streamlining subrogation is the obvious solution, but it’s difficult to find adverse carrier and claimant policy data.
Maximize recoveries by leveraging data and understanding how your competitors settle claims.
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.
Claim handlers spend a lot of time on the phone trying to get third-party policy information for subrogation purposes or to validate coverage. Policy data is critical to resolving claims, but acquiring that information is typically manual and incredibly time-consuming.
Easily find out a third party’s insurance coverage with the Policy Insights Report so you can quickly begin the subrogation process.
A feature that automatically alerts adjusters when there’s another carrier on a claim and provides the third party’s adjuster contact information when available.
An optional report that details the third party’s policy information so claim adjusters can quickly and easily verify coverage to expedite claims processing.
Subrogation Solutions analyze more than 1.6 billion claims in ClaimSearch as well as our proprietary policy coverage database to deliver accurate subrogation information within the adjuster workflow.
Subrogation Solutions seamlessly integrates with Verisk’s full suite of claims solutions that provide compliance, claims development, and deeper fraud analysis tools.
Fast-track claims while improving fraud detection with access to data from more than 1.8 billion claims.
Get hundreds of supplemental data reports to enhance claim analysis and investigations.
This automated process applies a series of algorithms to every customer-submitted loss photo to expose anomalies.
These models deliver enhanced claim scores and reason codes to detect potential fraud and support investigations.
Advanced analytics and expert clinical oversight to detect medical provider fraud, waste, and abuse.
Discover the hidden relationships and connections among claimants, providers, and businesses.