Clear Subrogation™
Clear Subrogation™ is a comprehensive subrogation solution that enforces consistency throughout the subrogation process, reduces costs, and enables insurance companies to recover more money faster.
The solution simplifies the unpredictable processes and complex business decisions of subrogation specialists and eliminates 50%, or more, of their current manual and clerical activities. Eliminating this activity opens up four to five hours of the specialist's day to engage in more strategic activities.
Clear Subrogation can be implemented as a complete end-to-end system or in modules to support specific client goals.
Modules include:
Identification and Scoring - Evaluates open and/or closed claims to identify missed subrogation opportunities and assigns a score to each claim based on the probability of recovery. These scores are then utilized to prioritize resources and take the most effective steps to subrogate a claim.
Demand Management - Automates the end-to-end workflow process for subrogation, resulting in lower loss adjustment expense and higher recoveries. Financial and operational reports provide transparency into the claim lifecycle enabling management and improvement of the subrogation process.
Vendor Processing - Improved control over procurement and claim assignment to attorneys, collection agencies or investigative experts. Automatically generates reports to track the effectiveness of each vendor.
Benefits:
Clear's Subrogation™ helps insurance companies:
Enforce consistent best practices across the enterprise
- Increase recovery yield
- Decrease cycle time
- Reduce errors
- Increase capacity
- Report on subrogation process and effectiveness
To learn more, email Solutions@clear-technology.com, or call 877.305.1951.
