The right which an insurer has to stand in the place of the insured against a negligent party is?

The right which an insurer has to stand in the place of the insured against a negligent party is called "subrogation". Subrogation is the legal right that allows the insurer to step into the shoes of the insured and pursue a claim against a third party who is responsible for the loss or damage suffered by the insured. Essentially, subrogation allows the insurer to recover the amount it has paid to the insured from the responsible third party. This right arises from the principle of indemnity, which is the basis of insurance contracts. It ensures that the insurer is not left to bear the entire loss when the insured has a valid claim against a third party.