Quality data collection, processing and recovery present distinct opportunities for insurers, though developing the investments and capabilities needed to drive additional recoveries can be a challenge.
EXL’s Subrosource® platform encompasses technology, advanced analytics and patented methodologies to improve both net and top line recoveries. This service identifies opportunities and offers decision support tools with embedded analytics to increase yield per file.
EXL partners with our clients throughout the entire subrogation lifecycle, supporting each phase with a unique set of analytical models to provide lift and reduce expenses.
Insurers typically see a 10% improvement in recovery outcomes and 30% reduction in subrogation expenses. As of early 2019, those improvements are greater than $500 million, and are continually increasing.