Project Highlights
To improve its subrogation opportunity identification and reduce claims leakage, a Fortune 500 insurer developed a real-time predictive analytics model that integrated with its claims system.
Benefits
- Automation of 20% of subrogation referrals
- 9% reduction in subrogation recovery cycle
- 12% higher rate of recovery for auto-referrals, ~$6M in savings
- 6% greater likelihood of recovery for auto-referrals
