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Identify Potential Subrogation Opportunities
Benefits:
Cost Savings (Recovery), Accuracy
Category:
Claims Processing & Management
Use Case
Identifying opportunities to recover claim costs from responsible third parties (subrogation) can significantly impact an insurer's bottom line, but these opportunities are often missed. LLMs can analyze claim details, accident reports, and legal criteria to automatically flag potential subrogation opportunities that might otherwise be overlooked, even in complex legal jurisdictions. For example, an LLM identified a valid subrogation case for a P&C insurer that traditional methods would have missed due to stringent local laws.
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