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Kemper Insurance Launches Automatic Subrogation Alert.


Kemper Insurance Cos., Long Grove, Ill., has licensed software to automatically identify claims with a high potential for subrogation
Subrogation
An insurance process whereby a company that has paid out to a policyholder for a loss incurred recovers the amount of the loss from the party that is legally liable.
--claims that should actually be paid by another party.

The software, developed by HNC Insurance Solutions, a unit of HNC Software, uses predictive modeling techniques to analyze an insurance company's database. It flags claims that have the potential to be subrogated to the company's claims analysts for further review.

"Reducing losses through improved identification of claims that should be paid by a third party can save insurance carriers millions of dollars each year," Sean Downs, president, HNC Insurance Solutions, said in a statement.
COPYRIGHT 2000 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:Kemper Insurance Launches Automatic Subrogation Alert.
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 1, 2000
Words:101
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