Risk Management Program Reviews
Do your risk management offerings address the leading causes of claims?
It is important for those managing risk and insurance programs to assess whether their risk management offerings are addressing those hazards which present the greatest exposure to their organization. Praxis’ comprehensive process of evaluating your risk management program can save you time, money, and resources.
Identification- Praxis will review your claims history for both frequency and severity to identify your loss leaders.
Analysis- We then analyze your implemented risk management offerings to evaluate whether they address those leading causes of loss. Specific to resource allocation, budget, and staff time, Praxis will assess whether your risk management strategies are appropriate and effective.
Findings & Recommendations- Praxis will provide a risk analysis report which outlines recommendations for future actions and the associated cost of risk for each recommendation.