Property/Casualty Subrogation Analytics: Overview and Prominent Providers

Report Summary

Property/Casualty Subrogation Analytics: Overview and Prominent Providers

Loss and loss adjustment expenses are the largest cost component for property/casualty carriers.

Deb Zawisza
Senior Principal
Steven Kaye
Head of Knowledge Management

Boston, June 16, 2022 – The National Association of Subrogation Professionals estimates that the property/casualty insurance industry has US$15 billion in missed subrogation opportunities—15% of closed claims. Subrogation solutions are increasingly incorporating AI and related technologies, and these solutions can rapidly review structured and unstructured data to identify the most promising opportunities for subrogation recovery.

This report provides an overview of the current vendor marketplace for property/casualty subrogation analytics solutions. It is designed to assist insurers with creating shortlists of potential providers based on solution details. The vendor profiles are based on secondary research and factual responses to a universal request for information distributed by Aite-Novarica Group and product demonstrations.

The following vendors are included in this report: Ajira AI, CCC, EXL, Gigaforce, Guidewire, InsurAnalytics, Megaputer Intelligence Inc., Shift Technology, Source7, Tractable, and Verisk.

This 21-page Impact Report contains two tables. Clients of Aite-Novarica Group’s Property & Casualty service can download this report and the corresponding charts.

Download table of contents

This report mentions the National Association of Subrogation Professionals.

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