RSA has become the latest insurer to sign up to Validus’ subrogation portal
RSA joins 16 other insurers including AXA, Markerstudy, Esure and Hastings, which signed up in March after Aviva and Ageas went live in 2016.
The Verify portal removes the need for manual intervention through the facilitation of automated analysis and settlement of subrogated motor claims, and aims to accelerate liability decisions and reduce time to recover subrogated losses.
After completing a successful three month pilot Ian Currie, motor and injury claims director at RSA, “We are excited about the prospects of working with Validus. We are looking to partner with insurers across all subrogation tool platforms as we believe there is a great opportunity to accelerate the resolution of claims across the market. The new tool enables us to interact with other insurers more efficiently – ultimately helping our customers. This is a great step forward for the whole industry.”