Subrogation is one of the best ways for insurers to recover costs and reduce their loss ratios; however, it is often a tale of missed opportunities because of inefficient manual processing, lack of training and resources, with insufficient data and insights to mitigate claims. Tractable’s AI maximizes opportunities for subrogation and can significantly improve an insurer’s bottom line.

How it works

  1. Step 1

    AI Subro reviews every claim automatically and thoroughly. Rather than a rules-based approach, it speedily analyzes all the information provided by third-parties.

  2. Step 2

    AI Subro accurately evaluates the damage, recommended repairs, and all the associated costs. This ensures transparency and clarity in the process.

  3. Step 3

    If inaccuracies or inconsistencies are identified, the claims team is able to challenge the work/costs and provide supporting evidence to help reduce the cost of the claim.

15% of insurance claims are missed opportunities for subrogation

27% of the total paid out for physical damage accident claims is recovered by automotive insurance companies, on average

6months is what subrogation takes, on average, across the industry

Key benefits

Increase accuracy and avoid arbitration

AI Subro allows for early identification of subrogation opportunities, thanks to a fast, accurate and consistent assessment of estimates. With AI Subro, claims can be settled more quickly and cost-effectively, reducing the possibility of arbitration.

Build a Subrogation recovery center

AI Subro allows you to focus on subrogation opportunities that would otherwise be missed or under-resourced, with intelligent oversight of the entire claims process. With effective subrogation, you may save more than you would gain by acquiring a new policyholder.

A ‘coach’ and advisor for your claims team

Many claims professionals are unable to give the complexity of manual focus and time subrogation needs. AI Subro fills this gap within your teams, providing direction and clarity on all the key details for successful subrogation.

Eliminate manual processing and stay in-house

In many cases, subrogation is handled manually or even outsourced. AI Subro finds the inaccuracies and inconsistencies that might be overlooked by humans. With ensuing control and precision, in-housing becomes a frictionless reality.

AI Subro

Tractable AI Subro can transform your business. Get in touch to see how.

Ready for AI?

AI can accelerate your claims journey. Get in touch to find out how.

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