The unparalleled depth of Praxis’ analyses enables us to solve our client’s challenges & eliminate their inefficiencies leading to bottom line savings.
Praxis’ audit and review approach is designed to provide a consistent way to review and measure the performance of claims activities. The approach is a results-oriented process that measures performance on a case-by-case basis that takes into consideration industry best practices and your claims handling guidelines. We assess the proper evaluation of coverage, liability, damages evaluation, reserving, litigation management, documentation, subrogation/contribution potential, and settlement factors. Each engagement delivers a narrative report which outlines observations and recommendations as well as an analysis of each claim file reviewed.
To be effective, audits must be:
- Measurable against promulgated performance standards
- Identify potential problem areas
- Recommendations should be specific and attainable
- Culminate in action plans
- Include scheduled follow-up focusing on the opportunities identified
The ultimate goal of this process is to improve quality, assure statutory compliance, stimulate the improvement of the overall claims handling, as well as benchmark performance.
Praxis’ Line of Business Expertise:
- General Liability
- Workers Compensation
- Commercial and Personal
Lines Property Exposures
- Auto Liability
- Professional Liability
- Public Officials & Police Liability
- School Districts & Social Services
- Auto Physical Damage
- Commercial Livery
including Taxi & Limousine
- Trucking &
- Restaurant & Hospitality
- Employment Related Practices
- Inland Marine
- Attorney’s E&O
- Real Estate E&O
- Construction Defect
- Fidelity & Crime
- Medical Malpractice
- Sports &
The above list is not all inclusive of our expertise, but rather is meant to represent the core of our auditing clients’ business.