SubroIQ
SubroIQ is a technology-enabled subrogation solutions provider for the P&C insurance industry, combining proprietary predictive analytics and patent-pending ReverseSubrogation™ with human claims expertise to identify and recover missed subrogation opportunities for carriers, TPAs, and self-insured organizations.
- Company typePrivate
- Founded2004
- HeadquartersPhiladelphia, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What SubroIQ does
SubroIQ is a technology-enabled subrogation solutions provider serving the property and casualty (P&C) insurance industry. The company addresses an estimated $15-20 billion annual industry problem of missed subrogation opportunities, using a proprietary platform that combines predictive analytics, algorithmic inference, and over 600 years of combined human claims expertise to systematically identify claims with recoverable potential throughout the claim lifecycle. Its technology stack includes a patent-pending ReverseSubrogation™ process designed for complex scenarios in auto no-fault, cargo, and construction claims that standard analytics cannot model, alongside a Power BI-powered reporting dashboard and client web portal providing real-time portfolio transparency.
SubroIQ offers a full suite of services across all P&C lines, including end-to-end subrogation outsourcing, arbitration services, uninsured motorist (UM) collections, and closed file reviews that audit previously closed claims for missed recovery opportunities. The company operates under flexible engagement models spanning full outsource administration, hybrid approaches, and simple referral-based programs, with contingency-based and flat-fee pricing structures and multi-year contracts. Its customer base includes large multi-national carriers, super-regionals, mutual insurers, personal lines carriers, regional and specialty carriers, TPAs, MGAs, and self-insured organizations across the US and Canada.
The company operates as a member of the ARMStrong Receivables Management family, with its current form resulting from the 2021 merger of Brown & Joseph, LLC and Recovery Partners, LLC, and the August 2023 acquisitions of SecondLook, LLC and Vengroff Williams SA. In September 2025, SubroIQ entered an exclusive collaboration with Aon as part of Aon's Specialist Claims Solutions offering, extending distribution through Aon's global broker channel. The company is SOC 1 and SOC 2 Type 1 and Type 2 certified, SSAE 16 Type II certified, and employs an ISO 27001-based security framework.
SubroIQ firmographics
Firmographics- Name
- SubroIQ
- Legal name
- Paragon Asset Recovery Services LLC
- Website
- https://subroiq.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- SubroIQ is a technology-enabled subrogation solutions provider for the P&C insurance industry, combining proprietary predictive analytics and patent-pending ReverseSubrogation™ with human claims expertise to identify and recover missed subrogation opportunities for carriers, TPAs, and self-insured organizations.
- Ownership category
- akta.pro rank
SubroIQ industry classification
Industry- Product category
- Insurance Subrogation Services
- NAICS
- Other Insurance Related Activities (52429), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- Subrogation, Recovery & Coordination of Benefits (COB) Support (BPAAAFAG)
Keywords
Where SubroIQ is headquartered
LocationHeadquarters
- HQ city
- Philadelphia
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
SubroIQ business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Arbitration Services: Flexible service models including contingency-based or flat-fee pricing for arbitration services including full applicant and respondent outsourcing, overflow support for material damage disputes, and customized hybrid approaches.
- Subrogation Outsourcing Services: End-to-end outsourcing solutions where SubroIQ assumes administration of the subrogation process, delivering maximized recoveries with pricing likely tied to recovered amounts or flat fees.
- Closed File Reviews: Audit and analysis services to identify missed subrogation opportunities on closed claims, with pricing based on outcomes achieved from recovered dollars.
- UM Collections: Uninsured motorist collection services using two-tiered approach with specialized staff and strategic partners, pricing likely contingency-based on recovered amounts.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Outcome Based/ Performance | Multi-year contract | Flexible pricing models - contingency-based or flat-fee |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
SubroIQ product offering
Product offeringCore offering
SubroIQ provides technology-enabled subrogation solutions for P&C insurance carriers, TPAs, MGAs, and self-insured organizations, combining proprietary predictive analytics with over 600 years of claims expertise to identify and recover missed subrogation opportunities. Core service lines include end-to-end subrogation outsourcing, arbitration across all 50 states, uninsured motorist (UM) collections, and closed file reviews, delivered through flexible contingency-based or flat-fee pricing on multi-year contracts.
Product overview
SubroIQ is a subrogation solutions provider offering a unified platform combining proprietary technology with industry expertise. The core SubroIQ Technology platform uses predictive analytics and algorithmic inference to identify missed subrogation opportunities, supported by over 600 years of collective claims expertise. The platform includes service modules for full outsource administration, arbitration solutions, UM collections, and closed file reviews, plus a patent-pending ReverseSubrogation™ process for complex scenarios. A Power BI reporting dashboard and client web portal provide real-time transparency across all services. The offering is designed for insurers, TPAs, and self-insured organizations across all P&C lines.
Differentiator
Problem solved
Functional benefit
Brands
- SubroIQ Technology: Proprietary technology platform incorporating AI-driven analytics and over 600 years of claims expertise to identify missed subrogation opportunities
- ReverseSubrogation™
- Property Recovery Partnership
Products and services
- SubroIQ Technology Platform Proprietary technology platform that combines predictive analytics, algorithmic inference, and 600+ years of claims expertise to identify missed subrogation opportunities across all P&C lines of business; the foundation underpinning all SubroIQ services.
- Subrogation Outsourcing Services End-to-end subrogation outsourcing solutions where SubroIQ assumes administration of the entire subrogation process or specific segments, using proprietary software and predictive modeling to evaluate subrogation potential throughout the claim lifecycle with real-time web-based reporting. For P&C insurance carriers, TPAs, MGAs, and self-insured organizations.
- Arbitration Services Complete arbitration solutions delivered by experts in all P&C lines, with filings handled across all 50 states through various ADR providers; offered as full applicant/respondent outsourcing, overflow support for material damage disputes, and customized hybrid approaches with Power BI reporting dashboards.
- UM Collections Uninsured motorist collections using a two-tiered approach combining specialized SubroIQ staff with strategic partners; includes referral and overflow collections for subrogation referrals, UM referrals, and escalated collections or litigation.
- Closed File Reviews Missed subrogation analysis service that reviews closed claims to identify missed recovery opportunities, available as retrospective analysis or real-time 'safety net' monitoring; identifies leakage patterns and time-sensitive issues such as spoliation, notice of liens, and expiring statutes.
- ReverseSubrogation™ Patent-pending process designed for complex subrogation scenarios — including auto no-fault, cargo, and construction claims — that are virtually impossible to model with standard analytics; a transformational methodology for difficult-to-identify reverse subrogation opportunities.
Quantifiable outcome
- Over $1 billion recovered for clients
- +4 more outcomes
Companies that use SubroIQ
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
SubroIQ technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature4 records
SubroIQ partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship.
- AonflagshipSubroIQ entered into an exclusive collaboration with Aon as part of its new Specialist Claims Solutions offering. Through this partnership, SubroIQ brings its advanced, tech-driven subrogation capabilities to help insurers identify and recover missed subrogation opportunities, streamline claims processes, and reduce capital leakage. The partnership combines SubroIQ's proprietary analytics and domain expertise with Aon's global scale and broader claims lifecycle insights.
- ARMStrong Insurance ServicesflagshipSubroIQ is a member of the ARMStrong Receivables Management (RM) family. Brown & Joseph, LLC and Recovery Partners, LLC merged and paired Recovery Partners with Paragon's SubroIQ team to maximize customer benefit. SubroIQ operates as part of the ARMStrong family of companies providing subrogation services.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
SubroIQ competitors and assessment
Company assessmentDirect peers
- Sedgwick: Sedgwick is a global leader in claims management and loss adjusting for the insurance industry, providing subrogation, recovery, and litigation support services to P&C carriers — directly comparable to SubroIQ's core outsourced subrogation offerings across multiple lines of business.
- McLarens: McLarens is a global claims services firm providing loss adjusting, claims management, and subrogation recovery services to P&C insurers — directly comparable to SubroIQ's outsourced recovery and arbitration offerings across commercial and personal lines.
- Engle Martin & Associates: Engle Martin provides independent claims adjusting and subrogation recovery services to P&C insurers across the U.S. It competes head-to-head with SubroIQ in outsourced claims-handling and subrogation, particularly in commercial and specialty lines.
- TRISTAR Insurance Services: TRISTAR provides third-party claims administration, subrogation, and recovery services to insurers and self-insureds. It directly overlaps with SubroIQ's outsourced claims and subrogation services, including arbitration and complex recovery support.
Broad incumbents
- Crawford & Company: Crawford & Company is one of the world's largest independent claims management providers, offering subrogation, adjusting, and loss-management services to insurers globally. It overlaps with SubroIQ on P&C subrogation and claims support, but operates at a much broader portfolio scale.
- Charles Taylor: Charles Taylor is a global provider of claims management, adjusting, and insurance support services including subrogation and recovery. It serves many of the same large P&C carrier clients as SubroIQ, but with a much wider service portfolio.
- Marsh: Marsh, a global insurance broker, operates Claims Solutions and risk management services that touch subrogation and recovery for large P&C clients. While not SubroIQ's direct competitor today, it operates in the same carrier ecosystem with potential overlap as claims services are increasingly bundled.
- Davies Group: Davies Group provides insurance claims management, adjusting, and loss-related services globally, including subrogation and recovery support. It serves the same P&C carrier base as SubroIQ across multiple geographies and lines of business.
Others
- Aon: Aon is SubroIQ's exclusive collaborator under Aon's Specialist Claims Solutions offering launched in September 2025. As a distribution partner with overlapping claims-services capabilities, Aon is thematically adjacent and represents both an upside channel and a potential competitive vector.
Emerging players
- Shift Technology: Shift Technology is an AI-native insurance claims platform providing fraud detection and automated claims decisioning. It is an emerging technology-driven competitor to SubroIQ's analytics layer, particularly relevant for carriers evaluating AI-based alternatives to traditional subrogation vendors.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
SubroIQ social profiles
Digital presenceSubroIQ compliance and trust
Trust signalCompliance5 records
SubroIQ financial estimates
Financial estimateRevenue estimate
Valuation estimate
SubroIQ leadership team
Management profileNumber of profiles
Profiles3 records
SubroIQ subsidiaries and ownership
Company hierarchySubsidiaries2 records
SubroIQ funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SubroIQ M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SubroIQ
What does SubroIQ do?
SubroIQ provides technology-enabled subrogation solutions for P&C insurance carriers, TPAs, MGAs, and self-insured organizations, combining proprietary predictive analytics with over 600 years of claims expertise to identify and recover missed subrogation opportunities. Core service lines include end-to-end subrogation outsourcing, arbitration across all 50 states, uninsured motorist (UM) collections, and closed file reviews, delivered through flexible contingency-based or flat-fee pricing on multi-year contracts.
Is SubroIQ a public or private company?
SubroIQ is a private company. It is classified as corporate owned and is currently operating.
When was SubroIQ founded?
SubroIQ was founded in 2004. It employs 51 to 100 people.
Where is SubroIQ based?
SubroIQ is headquartered in Philadelphia, United States, in the North America region.
How does SubroIQ make money?
Four revenue lines are on record. Arbitration Services are the primary driver. The others are subrogation Outsourcing Services, closed File Reviews and UM Collections.
Who are SubroIQ's main competitors?
Direct peers on record are Sedgwick, McLarens, Engle Martin & Associates and TRISTAR Insurance Services. Broad incumbents are Crawford & Company, Charles Taylor, Marsh and Davies Group. Aon is listed as an others. Shift Technology is listed as an emerging player.
Does SubroIQ have an API?
No public API is recorded for SubroIQ.
What industry is SubroIQ in?
SubroIQ's product category is Insurance Subrogation Services. Its primary akta.pro industry code is BPAAAFAG, Subrogation, Recovery & Coordination of Benefits (COB) Support. Its NAICS code is 52429 and its SIC code is 7320.