The good news is this decision can bring with it big rewards with minimal resources from your company.

• Industry data shows partnering with an outside subrogation services provider will obtain the best recovery results for your company.
• Increasing subrogation increases overall profitability.
• Subrogation can assist in customer retention, by properly assessing fault and returning deductibles to policyholders.

Consulting has reliable, replicable and tangible benefits:

• Near-immediate reduction in the company’s fixed costs by converting fixed expenses to a variable cost structure. This can be especially important during periods of fluctuating or declining volumes.
• Maximized recovery results
• An average of > 15% collision recoveries to collision paid loss
• Savings on manpower and training costs
• The transfer of ULAE from expense cost to loss costs, causing a substantial reduction in ULAE
• The minimization of staff production and morale issues due to fluctuating workloads
• Enabling the company to redirect energy and resources into the core business, while increasing recovery results

Working with Praxis as an outside subrogation service provider means:

• Having access to the proven expertise that has provided extraordinary service and produced millions of subrogation dollars recovered annually;
• The availability of valuable information and training that can be used to improve your internal processes;
• Benefiting from the hard work, dedication, passion, and entrepreneurial spirit of our team;
• Minimal client IT resources needed, because we know how scarce IT resources can be;
• And the accumulated knowledge that comes from over a decade of experience with our existing clients.