Understanding Subrogation


Fundamental to insurance is the concept of subrogation. Subrogation occurs when an insurance company pays a claim and then seeks to recover what it paid from the party that caused the loss. Subrogation recoveries can be a significant source of revenue for insurance companies, and helps insurers hold down premiums, as well as shift the costs of a loss to the party actually responsible.

This course provide an understanding of subrogation, how it works and how waivers of subrogation can impact recovery.

Learning Objectives

Upon completion of this course, students will be able to:

  • identify the elements and purposes of subrogation
  • distinguish between legal and contractual subrogation
  • recognize the distinctive elements of common policies' subrogation provisions
  • recognize ways in which subrogation waivers can be used as a risk management technique

Designed For

P/C producers; independent adjusters; public adjusters
International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.

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