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In the last several years, subrogation has received heightened attention within the insurance industry. This increased focus is driven by the growing need for insurers to enhance efficiency and ensure optimal recovery processes amid performance pressures.
While most efforts have focused on outbound subrogation - where carriers recover their money from third parties – inbound subrogation has not received the same level of attention, especially when it comes to resourcing subrogation teams, where establishing dedicated teams can significantly improve efficiency, reduce cycle times, and enhance overall profitability for insurers.
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