Subrogation
The insurer's right to recover claim payments from a third party responsible for the loss.
FAQs
- What is subrogation?
- An insurer's right to recover a claim payment from a third party who was actually responsible for the loss, offsetting claim costs.
- How does AI help with subrogation?
- By analyzing claims to flag those with recovery potential — recognizing third-party liability patterns — so recovery teams don't miss opportunities.
Related Terms
Leakage
The difference between what a claim should have cost and what was actually paid — money lost to overpayment, errors, or inefficiency.
Claims Triage
The automated sorting of incoming claims by complexity, severity, or risk — routing simple claims to fast-track or straight-through processing and complex on.
Loss Ratio
The portion of premium paid out in claims: incurred losses divided by earned premium. A core measure of how a book of business is performing.
