Many companies lack the internal resources or expertise to effectively manage subrogation efforts, leading to missed recovery opportunities. Partnering with an experienced Third-Party Administrator (TPA) or subrogation specialist can significantly improve recovery rates and maximize financial returns.
Key Benefits of an Effective Subrogation Strategy:
Reduced Net Claims Costs: Recouping funds offsets claims expenses, lowering overall loss ratios.
Improved Cash Flow: Recovering large settlements provides additional working capital.
Enhanced Risk Management: Identifying trends in subrogation cases can lead to improved loss prevention strategies.
No Recovery, No Fee: Many subrogation firms, including Solace Risk Management, operate on a contingency basis, meaning there is no cost unless funds are successfully recovered.
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