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We are the subrogation recognition and recovery experts.
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Years of experience combined with purpose-built technology has yielded expertise with special focus on:
By decreasing the cost of claims through best-in-class subrogation, claim recovery, offsets, and other reserve reduction initiatives, Praxis' process guarantees results every time.
Explore the solutions we offer:
Close File Review
Closed File Review
Consider it a safety net. Missed opportunities found and recovered. The check is in the mail.
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Arbitration is a highly-specialized skill; one that offers the opportunity for significant recoveries on disputed claims, as well as prevent payout on third-party counter claims.
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Subrogation Funding
Subrogation Funding
Praxis can provide companies with liquid funds for an otherwise unrealizable asset.
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Power of the Subrogation Dollar
Subrogation dollars and investment income have historically challenged each other for the second largest income stream for insurance companies. Premium dollars are number one. Personal auto collision payments total about $40 Billion annually. Using the recovery to paid loss benchmark, it is estimated that annual subrogation recoveries total $7.5 Billion. Add in No-Fault, Property, Worker’s Compensation and all other lines of business and the overall subrogation potential is dramatically increased.

The magic of subrogation is that it is an unencumbered dollar, other than the cost of collection. The below chart illustrates, with some realistic assumptions, that the subrogation dollar yields 18 times a premium dollar. Said another way; to provide the same bottom line value as $1 Million in subrogation, $18 Million in premium would need to be earned.

Is your company taking full advantage of the Power of the Subrogation dollar?
Premium Subrogation
Total Dollar Amount $100 $100
Paid Loss ($61) $0
LAE ($12) $0
Underwriting Expense ($22) $0
Cost of Collection $0 ($10)
Total ($95) ($10)
Net Amount $5 $90
Subrogation dollars yield 18 times a premium dollar