Subrogation Referral Rate (Auto)
This PDF report includes benchmarking data (in a visual, chart-based format), a comprehensive KPI definition, characteristics of high performers and technical details on measuring Subrogation Referral Rate (Auto). Purchase and download this easy-to-understand, presentation-ready report immediately to compare performance levels, set attainable performance targets, and push towards best-in-class performance for this KPI.
What is Subrogation Referral Rate (Auto)?
The number of paid claims that are referred to the subrogation team for further collections as a percentage of total paid claims over the same period of time, as a percentage.
Why should Subrogation Referral Rate (Auto) be measured?
Subrogation Referral Rate measures the percentage of the company’s paid claims that are passed on to the subrogation team to seek reimbursement for paid losses. A low value for this KPI may indicate that the company does not have clearly established subrogation referral guidelines and is missing out on subrogation opportunities, which negatively affects the company’s profitability. A high value for this KPI indicates that the company is taking a proactive approach to seek reimbursement for paid claims in which their own policyholders were not at fault. Companies with high subrogation referral and recovery rates can offer lower premiums to their policyholders, increasing customer retention and satisfaction.
Download a Sample Subrogation Referral Rate (Auto)
Frequently Asked Questions
Q: How do you collect and validate your data?
A: From real-world consulting engagements with Fortune 500 leaders. We’ve spent 25 years conducting original research and anonymizing data from our engagements with top companies around the world. Every single data point we collect is scrutinized by our analysts to conform to established baselines and our rigorous in-house validation process. We won’t serve it up to you unless it meets our tough standards for utility and value.
Q: How much information will my Benchmarking Report contain?
A: Enough to produce a useful benchmark. And rest assured that it’s all current, validated, and useful. We only include data that’s been collected in the last five years. And while sample sizes vary by KPI, the average is 25, and the high end can surpass 1,000.
Q: How often do you update your reports?
A: Every year. We’re constantly gathering, scouring, and processing new data. We update our reports based on trends our analysts detect in the data, as well as the demand from our consulting clients and customers like you.
Q: Your download-able reports look great. But I need something custom. Can you help?
A: Heck yes. Our crack research teams just love custom assignments, and would be delighted to perform targeted research tailored to your specific requirements. Find out just how fast and affordable this is: Email us (firstname.lastname@example.org) or call us at 866.650.2888 and one of our friendly professionals will be happy to answer all your questions.