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ClaimSearch Subrogation SolutionsVerisk

A suite of automated tools that deliver adverse carrier and third-party policy details near FNOL.

Vendor

Vendor

Verisk

Product details

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 the data essential to starting the recovery process.

Inefficient subrogation is costing insurers

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.

Don’t miss out on subrogation opportunities

Maximize recoveries by leveraging data and understanding how your competitors settle claims.

Enhance decision-making with a 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.

Speed 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. Policy data is critical to resolving claims, but acquiring that information is typically manual and incredibly time-consuming.

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.

Features and capabilities

Carrier Identified Notification

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.

Policy Insights Report

An optional report that details the third party’s policy information so claim adjusters can quickly and easily verify coverage to expedite claims processing.

Access key data without expending IT resources

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.