Subrogation

Actuary Forums Forums Learnings Daily Dose Subrogation

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  • #23397
    manveena
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      What is Subrogation in Insurance?

      #24621
      Mayank Goyal
      Keymaster

        Manveena wrote:

        What is Subrogation in Insurance?

        Subrogation is a term describing a legal right held by most insurance carriers to legally pursue a third party that caused an insurance loss to the insured. This is done in order to recover the amount of the claim paid by the insurance carrier to the insured for the losses.

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      Actuary Forums Forums Learnings Daily Dose Subrogation