Accelerating the Identification and Recovery
of Subrogation Opportunities


Missed files happen.
In fact, 1%-5% of recoverable claims never make it to subrogation.

Are you experiencing any of these contributing challenges?
Juggling Multiple Systems
Trouble Retaining Subrogation Expertise
Budgetary Constraints
Limited Access to IT Resources
The Plan for Getting Your Money Back
Every Claim Reviewed
Our trained professionals conduct a thorough review of every claim leaving no file behind.
Proven Process
We offer a seamless transfer of data not only with a methodical manual approach, but also customized analytics.
Get Money Back
We successfully increase your bottom line, reduce reserves, and decrease fixed overhead.
What Makes Praxis Uniquely Qualified to Get Your Money Back
Experienced
Over 20 years in the industry
Economical
We've recovered over 900 million
for our customers
Preferred
8 out of the 10 major insurers use our service
What Makes Praxis so Different

Insurance companies miss out on millions of subrogation dollars every year because of lack of time and resources. At Praxis, we have a proven system to find money that belongs to them. Continue Reading...

At Praxis, we know when it comes to finding the missed money in claims through subrogation that you want to be thorough, we also understand that hiring an outside vendor can put you at risk with the data. We understand that that’s a big priority – not always a huge return, but a huge risk and that can make you feel uncertain.

We believe that you should be able to trust the vendors that you work with and that they treat your data like you treat your data. We understand that it is important to protect what is yours and Praxis shares this value which is why 8 out of the top 10 insurance carriers trust us with their data.

Not only that, we have recovered over 900 million dollars for our customers.

Here is the process that we go through, first, we make sure that we keep your data safe at all times. We know that, that is the biggest risk in this and we have been certified (SOC2) and go through the whole process to make sure that happens.

Next, we make sure we save your IT resources by putting together data and a plan to help.

Lastly, we get your money back. Bottom line we deliver and get your money back. All you have to do to get started is set up a meeting with us. In the meantime, here is a quick e-book on the basics of subrogation so you can see what the companies in your industry are doing

Once you start this process you will stop worrying that you are missing out of tens of millions and you are not going to put yourself at risk with someone else. We all know that the clock is ticking.

Ultimately, your bottom line is going to increase, you’re going to be confident that you went through the right process, that you were thorough in getting your money back, and you’re going to feel like a priority because that is what is most important to us as a vendor. That you have an ease of process and you feel important.
Explore the solutions we offer:
New item
Subrogation Outsource
Considering outsourcing your subrogation? This turn-key offering provides the shortest path to a complete solution.
read more
Close File Review
Closed File Review
Consider it a safety net. Missed opportunities found and recovered. The check is in the mail.
read more
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Arbitration
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.
read more
Subrogation Funding
Subrogation Funding
Praxis can provide companies with liquid funds for an otherwise unrealizable asset.
read more

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
Free Articles
Getting Back to the Basics

Subrogation and salvage are the only parts of the claims organization that can generate positive income. Read our 5 Basic Concepts to Improve Subrogation Results for Your Company to go back to the [subrogation] basics and fundamentals.
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A Finance Point of View

Did you know that companies that outsource just a portion of their claim files to outside service providers have recovery rates 2.3% higher than those that do not? Are you aware of your subrogation recovery ratio? Download now to join the 39% who see strategic value in subro.
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Subrogation and Your Bottom Line

Even small increases in subrogation recovery have significant effects on the loss ratio and a company’s profit or loss for any given year. typical insurance companies recover approximately 5.1% of their paid losses via subrogation. Read the Ward Group Study
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