Subrogation metrics
For a benchmark, the values in the following table are calculated by the average-of-averages methodology described in "Overview of Compare."
| Metric | Description |
|---|---|
| Subrogation Recovery | Mean U.S. dollars of subrogation recovery received per exposure or claim,
depending on metric level.
This metric is a key performance indicator. Related details are broken out in subsequent metrics. A high subrogation recovery figure typically requires a high percentage of claims, as well as a high dollar figure for the amount of subrogation recovery per claim. |
| Subrogation Recovery % Positive | Depending on the metric level, the percentage of the data set's exposures or claims for which subrogation recovery was received.
This metric might indicate differential effectiveness in identifying and pursuing subrogation opportunities; differences in business practices related to handling third-party claims; or both. |
| Subrogation Recovery if Positive | The mean value of subrogation recovery received per salvaged exposure or claim, depending on the metric level.
This metric might indicate the quality of subrogation practices, the value of the insured assets, or both. |
| Subrogation Recovery as % of Incurred | Subrogation recovery received divided by the indemnity incurred, multiplied by 100.
This metric measures the relative importance of subrogation for this data set. |
| Subrogation Recovery if Positive as % of Incurred | The subrogation recovery received divided by the indemnity incurred among those exposures or claims that received subrogation recovery, depending on the metric level.
This metric might indicate the effectiveness of the subrogation negotiation. |