Auditing Program
As an innovator in insurance subrogation, VWA services over 1000 clients and has $200 million in pending subrogation claims. In fact -- VWA is one of the nation's largest subrogation firms.
How an insurance company handles the subrogation function impacts its value to policyholders and shareholders. While financial stability, underwriting expertise and breadth of coverage remain important, an insurer's claims service provides a clear opportunity to distinguish itself in the marketplace.
As the industry's capital position has been stretched by higher losses, lower investment income and the need by many companies to boost reserves, there is increasing pressure to use working capital more wisely. For over four decades, we have worked in tandem with insurers to improve policyholder satisfaction by establishing best practices to lower costs and retrieve greater recoveries.
In today's challenging economic times, insurers are turning to VWA to improve profitability and achieve meaningful differentiation. We have an abundance of experience in assisting insurers in rethinking their organizations, adopting best in class claims processing and unlocking hidden value by optimizing and industrializing claims operations for high performance.
At VWA, our goal is to make sure you receive your fair share of claims.
We utilize our domain expertise to periodically audit every aspect of your subrogation program including:
- Worker's Compensation
- PIP Insurance
- Medicare Payments
Auto Claims
VWA is one of the largest processors of auto subrogation claims in the country. Whether it be a fully outsourced subrogation program or collections on small balance uninsured claims, we have the industry expertise, skilled staff and proprietary technology systems to maximize your recoveries in these area.
VWA has on-line access to most DMV data bases throughout the USA. This, combined with our understanding of various state no-fault, medical pay and PIP requirements, allows us to negotiate for you and recover funds.
VWA offers all levels of auto subrogation claims services from:
• Initial investigation and data mining
• Location of responsible parties, assets and establishment of claim validity
• Negotiation, Litigation and Recovery
As an innovator in insurance subrogation, VWA services over 1000 clients and has $200 million in pending subrogation claims. In fact -- VWA is one of the nation's largest subrogation firms.
How an insurance company handles the subrogation function impacts its value to policyholders and shareholders. While financial stability, underwriting expertise and breadth of coverage remain important, an insurer's claims service provides a clear opportunity to distinguish itself in the marketplace.
As the industry's capital position has been stretched by higher losses, lower investment income and the need by many companies to boost reserves, there is increasing pressure to use working capital more wisely. For over four decades, we have worked in tandem with insurers to improve policyholder satisfaction by establishing best practices to lower costs and retrieve greater recoveries.
In today's challenging economic times, insurers are turning to VWA to improve profitability and achieve meaningful differentiation. We have an abundance of experience in assisting insurers in rethinking their organizations, adopting best in class claims processing and unlocking hidden value by optimizing and industrializing claims operations for high performance.
VWA has developed a highly specialized risk management department to recover the expenses incurred when property is damaged.
Whether it is a loading dock damaged by a delivery truck, utility lines above or below ground or a drive thru teller machine, identifying liability and properly documenting the incident is critical to your ability to recover. VWA's specialized team will collect all data necessary for recovery. We will identify the responsible parties and determine the limits of insurance available. VWA will recover funds where possible or provide a fully documented loss file for tax purposes.