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

The term used to describe when an insurance company indemnifies the insured and takes over his rights is "subrogation". In simple terms, it means that after the insurance company has paid out compensation to the insured for a loss, the company assumes the right to pursue legal action against any third party responsible for causing the loss. This allows the insurance company to recover the amount they paid out to the insured. For example, if a car owner's vehicle is damaged due to the negligence of another driver, the insurance company may pay the owner for the damage caused, and then pursue the at-fault driver for reimbursement through subrogation.