Risk Management, Insurance Technology

How does artificial intelligence make subrogation viable and valuable?

January 17, 2023

How does artificial intelligence make subrogation viable and valuable?
Subrogation offers insurers the important chance to reduce claim costs by assigning full or partial responsibility to another party. It is most commonly used in automotive insurance, but can also be applied to property claims, renter’s insurance, and policies covering possessions such as phones or appliances. But opportunities for subrogation can be missed, which likely costs insurers billions of dollars each year.

Spotlight

Levitt-Fuirst Associates, Ltd.

Levitt-Fuirst Associates has been serving the insurance and surety/bonding needs of the New York tri-state area since 1969, with a focus on high-net-worth personal insurance (Home, Auto, Valuable Articles, Umbrella), construction industry insurance/bonding (developers, general contractors, trade contractors), and real estate insurance (co-op apartments, rental apartments, condominiums, commercial real estate).

OTHER WHITEPAPERS
news image

Conversational AI in Insurance: Fostering the Trust Between Customer and Company

whitePaper | July 24, 2022

The insurance industry is often associated with complex processes such as claim settlement, hefty paperwork, tiring legal processes, and the responsibility to stay updated on the terms and conditions. This image is now changing as the leading insurance brands are putting forth innovative strategies to revamp the existing workflows and structures to amplify their business growth.

Read More
news image

Key Features of the The Life Insurance Policy within the Prudential ISA

whitePaper | June 14, 2022

If you invest in a PruFund Fund in the Prudential ISA through the Life Insurance Policy, the assets will be held in trust on your behalf by Link Financial Investments (Nominees) Limited in its capacity as the ISA Plan Manager’s nominee. You don’t hold any direct rights under the Life Insurance Policy.

Read More
news image

Streamlining the Automotive Claims Process via Integrated Intelligent Automation

whitePaper | November 21, 2019

As intelligent automation (IA) emerges as a best practice across numerous industries, insurers and technology service providers alike are racing to build out use cases for IA that streamline the various stages of an automotive insurance claim. While automation cannot be viewed as an isolated lever or standalone solution to bring efficiency and cost savings, when IA integrates with other channels, technologies and platforms, it unleashes its full potential.

Read More
news image

Environmental, Social and Governance (ESG) Considerations for Directors and Officers

whitePaper | May 14, 2023

Increased scrutiny from investors on companies’ Environmental, Social, and Governance (ESG) credentials, such as board diversity and environmental impacts, presents greater potential Directors’ and Officers’ (D&O) liability exposure. Investors, employees and consumers increasingly expect companies to be actively addressing ESG considerations in their structures and operations. Those failing to address these issues may open themselves up to ESG-related litigation.

Read More
news image

TRADE CREDIT INSURANCE UNLOCKING GROWTH

whitePaper | January 20, 2020

A lot is changing in today’s global economy. Economic growth in North America appears to be slowing; likewise, there are signs of weakness in regions across the globe. With tariff wars, Brexit and military conflicts, there is uncertainty domestically and across the globe. Making business decisions in this environment can be daunting.

Read More
news image

Automating for End-to-End Claims Processing

whitePaper | May 3, 2022

The insurance industry is no stranger to technological change, whether it was forced to change or inspired by grander visions. For decades, the insurers that led the industry ranked as some of the most technologically innovative operations in the world. But the exact technologies that used to showcase the C-suite’s willingness to adopt cuttingedge solutions are now holding them back.

Read More

Spotlight

Levitt-Fuirst Associates, Ltd.

Levitt-Fuirst Associates has been serving the insurance and surety/bonding needs of the New York tri-state area since 1969, with a focus on high-net-worth personal insurance (Home, Auto, Valuable Articles, Umbrella), construction industry insurance/bonding (developers, general contractors, trade contractors), and real estate insurance (co-op apartments, rental apartments, condominiums, commercial real estate).

Events