When an insurance company indemnifies the insured and takes over his rights, this is known as?

When an insurance company indemnifies the insured and takes over his rights, this is known as subrogation. In simpler terms, subrogation is a legal right that allows an insurer to step into the shoes of the insured and pursue any third party who may have caused the loss or damage to the insured property. In other words, the insurance company pays for the damages incurred by the insured and then takes over the insured's rights to pursue the responsible party for compensation. This is done to prevent the insured from receiving a double recovery and to allow the insurer to recover its losses.