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Subrogated recoveries are crucial to the cash flow of any business, reducing the overall indemnity spend and providing cash flow during challenging economic conditions.
We have the capability to deal with large volumes (including any outsource projects you may have or spikes in instructions) as we can effectively manage scale, and we also have the breadth of experience of working with a large range of clients.Our streamlined processes, bespoke case management and effective use of technology means that we have excellent success rates and a proven track record.
When the damage is caused by a third party and it is commercially viable to do so, recovery should be sought. Claims experience and TCF are important business factors for you to retain and grow your customer base, we recognise this and routinely seek uninsured losses for your customers at no added cost.
We support insurers and corporates in handling volume and value subrogated recoveries. Our cost effective market leading product, streamlines processes through bespoke case management systems and the use of alternative dispute resolution and/or litigation where appropriate. We handle all types of recoveries from the modest household or motor claims, to the multimillion pound global market corporate claims.
Our recovery team is successful, market leading and we are nice people to work with.
We have a strong track record in recoveries and are in partnership with a number of large composites insurers together with mono-line insurer, brokers and corporates. We know the recovery market and our bespoke teams specialise in different areas property to motor and international claims.
6% - 8%We recover 6% - 8% of gross indemnity spend, compared with the market average of 3.2%
£45 millionWe recovered £45 million subrogated recoveries made on the sub £100k property book of business
14,000We received over 14,000 subrogated property recovery instructions
£1.5 millionWe recovered £1.5 million uninsured losses at no cost to the customer
Explore the Claims Solutions Group:
Claims Solutions GroupPropertyRecoveriesHousehold RecoveriesMotor Recoveries
“Going the extra mile”We have won “going the extra mile” award for one household insurer three years in a row.
“Supplier of the Year 2018”For a major household insurer.