Analytics Solutions
Subrogation Intelligence & Analytics
Enhancing Claims Recovery with AI/ML Model
Subrogation recovery can be a time-consuming and intricate process. Identifying liable parties, determining liability percentages, and ensuring accurate claim assessments are just some of the hurdles faced by insurance professionals. Subrogation Intelligence AI/ML models transform this process by analyzing vast amounts of data that identify hidden patterns, assess risk probabilities, and provide actionable insights, empowering well-informed decisions to enhance the bottom line.
Data-driven Insights
Our AI-powered model processes large datasets in real time, identifying potential subrogation opportunities that might have gone unnoticed – ensuring you never miss a chance to recover rightful claims.
Precision Analysis
By employing ML algorithms, you can accurately calculate liability ratios, thereby assisting you in fair and just claim settlements. Our models adapt and refine their assessments over time, continuously improving their accuracy.
Automated Processing
Tedious manual tasks are a thing of the past. Our Subrogation Intelligence & Analytics solutions automate repetitive processes, allowing your team to focus on high-value tasks.
Unlock Hidden Subrogation Opportunities
- Harness the power of AI-driven models to meticulously analyze extensive datasets, unveiling potential subrogation cases that could otherwise remain unnoticed.
- Detect intricate correlations and connections that might evade human scrutiny, opening doors to heightened possibilities for claims recovery.
- Elevate your recovery potential by leveraging insights from our AI models, augmenting your chances of maximizing claim reimbursements.
Proactive Claims Recovery Approach
- Gain a competitive edge by preemptively identifying subrogation cases before they escalate into complex issues, ensuring quicker and more effective recovery efforts.
- Receive notifications about potential subrogation opportunities, enabling your team to promptly initiate action for optimal results.
- Promptly react to emerging subrogation scenarios, seizing opportunities swiftly, and efficiently.
Optimize Recovery Outcomes
- Precisely evaluate liability ratios and percentages, guaranteeing the retrieval of the highest feasible recovery amounts.
- Benefit from our models’ continuous learning from historical data, allowing you to refine your assessments over time, ultimately enhancing recovery outcomes.
- Capitalize on newfound insights to enhance your overall recovery process, achieving better efficiencies and financial gains.
“The insurance industry is at an inflection point as rapid advances in technology are now fundamentally changing the underlying economics of claims handling. Both Majesco and EvolutionIQ are proven, advanced systems that are already delivering dramatic, measurable results for an array of the industry’s top carriers and TPAs.”
Michael Saltzman, Co-Founder and CEO at EvolutionIQ
Featured Resources
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Thought Leadership
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With increased catastrophes, a changing market environment, and pressure on profitability, the insurance industry has a greater focus on preventable losses than ever before. While insurance has always been a data-driven business, access to new data sources with AI and machine learning is redefining the industry with better underwriting capabilities to minimize or eliminate claims…
FAQ
According to Investopedia, Artificial intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions.
There are a lot of benefits but some of the biggest ones are improving efficiency in the organization, growing productivity, and making rapid decisions based on advanced technology.
AI can guide customer support requests to the correct department or give background to the person assigned to manage the request before they engage with the customer to provide full context of the situation.
