Regional P&C carriers · $50M to $1B DWP
Add 1 to 2 points of combined ratio improvement directly to your bottom line.
Compete with national carriers' subrogation units without hiring one. Every file read, every recovery scored, every deadline tracked.
$100M DWP regional carrier
- Additional subrogation captured2% of losses
- Annual non-premium cash flow$1.3M
- Combined ratio1.1 to 1.3 points lower
Canonical industry benchmark, $65M annual paid losses.
The regional carrier challenge
National carriers have subrogation armies. You have adjusters.
| National carrier | Regional carrier today | |
|---|---|---|
| Dedicated subrogation staff | Dozens of specialists by line and state | A small unit, or adjusters covering subro part-time |
| Who reads every closed file | Rules plus sampling plus specialists | Nobody, at 100 to 150 active claims per adjuster |
| State law coverage | In-house counsel across all states | Strong in home states, thin outside them |
| With Ishqkala | Same coverage | Every file read, scored and calendared |
Where the money hides
Three lines, three different blind spots.
Auto collision
$8,400
average missed recovery
Commercial vehicles behind ordinary rear-ends, employers behind drivers, and police narratives that contradict the FNOL story.
Homeowners water & fire
$42,000
average missed recovery
Supply lines, water heaters and dryers that failed weeks after a contractor touched them, with the part still in the insured's garage.
Commercial property
$28,500
average missed recovery
Roofers' torches, HVAC condensate failures and tenant lease indemnity clauses nobody pulled from the file.
Capital preservation
Converting paid losses back into policyholder surplus.
Recovery calculator
Estimate unrecovered subrogation from your annual DWP
Assumes an auto-heavy line mix, a 4% current recovery rate and a five-person subrogation unit. Tune every input in the full model.
In your last 24 months of closed files
$3.66M
234 unpursued claims
Projected annual recovery uplift
$1.10M
60% captured before SOL
Combined ratio improvement
1.1 pts
110 basis points
Add lines of business, claim volume, recovery rate and staff to see contingency vs SaaS ROI.
Full model- 15% to 30%
- of viable third-party subrogation opportunities are never identified or pursued
- NASP & Verisk / ISO
- 1.2 pts
- average combined ratio reduction across partner carriers
- $45M+
- missed recoveries identified in customer closed files
“Our adjusters had closed those files correctly on the indemnity side. Nobody had time to read page three of the police report. The first sweep found recoveries we had written off two years earlier.”
FAQ
Frequently asked questions
In front of it. Your specialists keep doing what they do best, pursuing recoveries. Ishqkala reads every open and closed file so the unit's queue is filled with scored, documented opportunities instead of referrals that depend on adjusters noticing.
Most regional carriers start with the zero-upfront Closed-Claim Recovery Sweep, so the first recoveries post before any platform fee is paid. Continuous detection is added once the sweep has funded it.
Recoveries reduce net incurred losses on your statutory statements, and most treaty net-loss definitions deduct salvage and subrogation. The effect shows up in the loss ratio, not as a one-off adjustment.
By dollars, homeowners fire and product defect ($42,000 average missed recovery) and commercial property and water ($28,500). By count, personal auto collision ($8,400 average) usually produces the most opportunities.
Find the millions hiding in your closed claim files before the Statute of Limitations expires.
We'll scan a batch of 500 closed claims for free and deliver an itemized recovery manifest within 5 business days.