Efficient and Reliable Subrogation Claims Recovery Services
Facing Complexities in Subrogation Recovery: We Understand Your Struggles
As an insurance or reinsurance company, you know that subrogation is an essential part of your business. Recovering losses incurred by your insureds through subrogation claims not only helps to reduce your exposure to financial risks but also helps to maintain reasonable premiums for your policyholders.
However, subrogation can be a complex and time-consuming process that requires:
Misunderstanding the strengths and weaknesses of a claim can be detrimental to developing an effective negotiation strategy.
Skilled negotiators have the ability to manage conflicts, and work towards mutually beneficial outcomes.
Successful negotiations often require persistence to secure favorable results.
Your team spends so much time putting out fires that they can’t take on more complex cases or nurture relationships.
Lacking staff with language skills and an understanding of different cultures can hinder communication and collaboration in international subrogation cases.
A global network of professional partners, allows you to deal with authorities in different jurisdictions.
Technical knowledge of vessels in the case of hull insurance.
A deep understanding of international maritime law.
Expert evaluators can assess the value of a claim and anticipate potential counterarguments.
Is Your Team Prepared to Tackle Common and Intricate Challenges in Marine Subrogation Services?
Experience the Difference
Maximize Your Recovery Rates with Our Proven Subrogation Methods
Simplify Your Insurance Claims with Effective Subrogation Solutions
Experience is the key to Subrogation. And we know Subro. In Marlin Blue, we have extensive expertise in negotiating subrogation claims in the air, marine, and inland domains and most types of goods. Whether it be recourse, reclaims, or subrogation, we master it.
Also, we deliver tangible results.
- 50% reduction in claim handling expenses, avoiding expensive providers who charge per hour, we ensure that our clients receive high-quality service at a competitive and budget-friendly rate. The client described the efficiency gains as “extraordinarily positive.”
- 50+% increase in client recoveries, from a low of $2.8 million prior to full outsourcing to a high of $4.3 million annually
- 4.000.000USD was our biggest recovery in 2022
Understanding Recourse in Recoveries after Subrogation
After a successful subrogation claim, as the insurer who has compensated your policyholder for a loss caused by a third party, you have the right to recover those funds from the at-fault party or their insurer.
Our team at Marlin Blue ensures that you understand your recourse options and we work diligently to maximize recoveries.
Pursuing recourse in recovery can be a complex process with various challenges, so we can help you:
- Proving the responsible party’s liability
- Negotiating with the at-fault party or their insurer
- Navigating the legal landscape of different jurisdictions
- Balancing the costs of pursuing recourse against the potential recovery
Combining expert assessment and recovery
In our daily case management, we handle claims by utilizing our expertise in loss evaluation and claim recovery to streamline the process and maximize the chances of a successful outcome.
We save you time and provide a reliable solution, giving you peace of mind and allowing you to focus on delivering exceptional service to your clients.
Subrogation Claims Recovery FAQs: Your Top Questions Answered
The duration of the subrogation process can vary widely depending on the complexity of the case, the availability of evidence, and the cooperation of the involved parties. Some cases may be resolved within a few months, while others can take years to reach a conclusion.
On average, it will take us 6 months to settle your claim (between 2 and 3 for the actual processing plus another 3 for recovery).
We work on a “No cure, No pay” basis. In other words, if we don’t collect anything, you don’t pay anything.
Our reward depends on how successful we are in recovering the costs you have incurred. And we will only charge a percentage of what is achieved in negotiation after the money is in your pocket.
We update you on their status by means of a monthly ad hoc report.
If you need information on a specific claim, send us an e-mail including your tracking number, and we will get back to you promptly.