Analytics-driven subrogation ecosystem to drive expense from your organization
EXL’s Subrosource™ platform encompasses technology, advanced analytics, and patented methodologies to improve both net- and top-line recoveries. Our solution embeds analytics throughout the process to proactively identify opportunities, provide decision support, automated insurance arbitration, and industry leading vendor management. The net result is an industry-leading yield per file. EXL is the largest provider of subrogation solutions in the United States, and the only company to provide solutions that cover the entire recovery eco-system from FNOL through litigation.
Embedded in our multi-line platform is a full recovery suite including salvage, liability deductible recovery, Contention Builder, in-bound demand review, and vendor management. Leveraging Subrosource™ seamless handling transitions, EXL can employ a modular approach to handle select parts of the end-to-end process. For example, EXL could handle only arbitration & vendor management, while you focus on core negotiations.
EXL’s industry leading recovery ecosystem
How is EXL Subrosource™ different?
Recovery platform for subrogation, salvage, liability deductible, and in-bound demand.
Governed triage and workflow process, putting the highest probability files into a path that will have the highest yield
In cases involving uninsured or underinsured parties, EXL has an entire vendor management process that does the heavy lifting, freeing up carrier staff to focus on higher probability cases
Embedded analytics to identify and score files for recovery probability
Improved win rates in both applicant and response arbitrations
Claims management system for higher yield claims
Why Subrosource™
- Largest non-carrier subrogation analytics-driven platform with 1,200 users
- $1.5B processed annually, several multi-nation carriers, two of the top five US PL carriers
- Connected to 300+ vendors, attorneys and carriers
- 30,000+ arbitrations filed annually
- Deployed globally, with multi-language and multi-currency capability
- Minimal or no IT effort involved. Easy to integrate with multiple claim systems, or can be used as a standalone
What we do
EXL’s Subrosource™ is an industry leading subrogation recovery platform with embedded lifecycle analytics. Subrosource™ creates value in the identification of opportunities, assignment of recovery strategies and automated execution of recovery steps. The platform enables an efficient service ecosystem for recovery processing and automated demand generation. Subrosource™ caters to both subrogation for auto insurance and subrogation for property insurance.
EXL can solve for the entire subrogation claim lifecycle. We can bundle and unbundle our solution depending upon a carrier’s needs. EXL has a subrogation ecosystem with improved customer experience for the policy holder, automation, and tools for adjusters for improved decision making, effectively and seamlessly connecting the supply chain for vendors while at the same time driving deep, efficient and improved outcomes for the carrier team.
Subrosource™
Subrosource™ utilizes embedded analytics throughout the lifecycle of a claim. Beginning at FNOL, files are scored for OPID and triaged to recommended recovery paths. Adjusters, whether you handle the subrogation or outsource to us, will utilize proven methodologies to optimize negotiation strategies.
- 10% recovery improvement
- 30% productivity gains
- 25% cycle time improvement
Arbitration
Beyond the platform, EXL is a leader in arbitration services. Our Contention Builder provides an immediate lift, improving efficiencies, as well as winning percentages with the use of embedded analytics, predictive modeling and advanced analytics.
- Over 50,000 applicant and respondent arbitrations filed annually
- Delivered over $250M over last 3 years
Vendor Management
UM clearinghouse leverages analytics to identify these high volume, low yield recoveries that take valuable time away from your staff. Our process gives you the ability to leverage our network of resources to focus on these files, freeing up your staff to collect on higher yield opportunities.
- Rotational Placement
- Top recoveries in the industry expenses
- We manage the process for your team
Property Clearinghouse
Property Clearinghouse provides an immediate lift on property claims and automated claims processing by providing support and claims analytics so adjusters can focus on customer service and resolution. Our team works in tandem to secure and preserve evidence within three days of loss. Our process is supported by EXL’s Property Triage technology to move files efficiently through the recovery process.
- Preserve evidence
- Manage C&O
- Improve recoveries by as much as 30%
- Very low management overhead
Brad leads EXL’s Insurance Platform Services business unit with overall responsibility for delivering solutions and services to meet our insurance clients’ needs. With over 30 years of experience in technology, strategy, and operations, Brad’s focus is on combining technology and services to deliver distinctive capabilities. Brad has over 15 years of Insurance industry experience combined with a rich technology and operations background. Brad joined EXL in 2011 as a part if the acquisition of The Hartford Insurance Group subsidiary, Trumbull Services, of which he was the President.
Sandeep Juneja is Vice President with P&C Insurance Platform Services at EXL. He has spent over 22 years in the field of Insurance & Financial services outsourcing, Transformation, Operations Management and M&A. Sandeep has led large projects combining Technology, Operations and Analytics to deliver value for clients across North America and APAC. He has complete his bachelors in Accounting and Masters in Financial Management and International Finance.
Mark Bernacki leads the subrogation business at EXL with responsibility for operations and the Subrosource® platform. In previous roles within EXL over the past seventeen years, he has owned recovery responsibilities in the Business Intelligence, Operations, and Technology businesses. He was responsible for recovery work including Auto, Property, and Workers Compensation Subrogation and Arbitration, Uninsured Motorist, Salvage, and Overpayments. Bernacki majored in Business Management and minored in Computer Information Systems and Italian at Roger Williams University in Bristol, RI.