If you were walking down the street and saw a $100 dollar bill on the ground, what would you do? The answer is obvious, but the reality is that millions of $100 dollar bills get overlooked by insurance companies every day. Current estimates are that up to 15% of all claims are closed with a missed subrogation opportunity. Let’s face it, adjusters are busy, and other competing priorities such as disposition of claims can get in the way.
We have partnered with clients to solve this problem and have brought them more than $1 billion dollars!
How are we unique in the subrogation process?
While other subrogation providers perform closed file reviews, nobody has our extensive experience and expertise.
The proof is in the pudding with this subrogation case.
In a recent audit, we went behind another vendor who was performing a closed file review. While they found a lot, they left a lot of missed subrogation opportunities on the table. SecondLook found an additional 400 claims, which generated an extra $2 million dollars for this company.
Subrogation Proprietary ID Algorithm And a Vast Amount of Claims Experience
Our proprietary ID algorithm and a vast amount of claims experience allow for identifying a significant number of files that often go uncollected. Whether fully utilizing our services, having our experts augment your subrogation organization, or taking advantage of our FREE closed file Missed Recovery Opportunity reviews, clients see benefits in the following areas: