This episode delves into the concepts of subrogation and assignment in UK insurance law, essential mechanisms for insurers seeking recovery and policyholder rights. Using insights from the Insurance Law Handbook, we break down subrogation, explaining how insurers gain the right to "step into the shoes" of the insured to pursue third-party recovery after a claim payout. We then explore assignment, where policyholders transfer their rights under a policy to another party, including the conditions and limitations that typically apply. Listeners will gain a thorough understanding of these doctrines, examining their application, differences, and how they impact claims, recoveries, and risk management in insurance practices.