Method and system for identifying subrogation potential and valuing a subrogation file
First Claim
1. A method for identifying select ones of insurance records which possess a favorable subrogation potential, the method comprising:
- receiving data indicative of a plurality of claims;
automatically calculating a base score to identify select ones of the claims which demonstrate at least a given probability of expected subrogation recovery dependently upon the received data;
automatically identifying risk factors for each of the select claims; and
, automatically scoring each of the select claims dependently upon the base scores and identified risk factors to provide a value indicative of an expected subrogation recovery.
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Accused Products
Abstract
A method for identifying select ones of insurance records which possess a favorable subrogation potential. The method includes receiving data indicative of a plurality of claims; automatically calculating a base score to identify select ones of the claims which demonstrate at least a given probability of expected subrogation recovery dependently upon the received data; automatically identifying risk factors for each of the select claims; and, automatically scoring each of the select claims dependently upon the base scores and identified risk factors to provide a value indicative of an expected subrogation recovery.
39 Citations
21 Claims
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1. A method for identifying select ones of insurance records which possess a favorable subrogation potential, the method comprising:
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receiving data indicative of a plurality of claims;
automatically calculating a base score to identify select ones of the claims which demonstrate at least a given probability of expected subrogation recovery dependently upon the received data;
automatically identifying risk factors for each of the select claims; and
,automatically scoring each of the select claims dependently upon the base scores and identified risk factors to provide a value indicative of an expected subrogation recovery. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A computerized system for identifying select ones of insurance records which possess a favorable subrogation potential, the system comprising:
- at least one computing device for receiving data indicative of a plurality of claims; and
, a computer readable medium being accessible to said computing device, said computer readable medium comprising;
a sequence of directions for automatically calculating a base score to identify select ones of the claims which demonstrate at least a given probability of expected subrogation recovery dependently upon the received data using said at least one computing device;
a sequence of directions for automatically identifying risk factors for each of the select claims using said at least one computing device; and
,a sequence of directions for automatically scoring each of the select claims dependently upon the base scores and identified risk factors to provide a value indicative of an expected subrogation recovery using said at least one computing device.
- at least one computing device for receiving data indicative of a plurality of claims; and
Specification