Confirms what is present.
- Looks for required documents and fields
- Reviews each file as a separate item
- Identifies visible process gaps
Independent review for delegated insurance programs
Understand the decision.
Trace the transaction.
Follow the money.
Praxis helps carriers, reinsurers, MGAs, and program partners determine whether a commercial insurance program is operating as agreed—not simply whether the required documents are present.
The Praxis difference
A complete file does not always mean the decision was right.
Tests what happened and why.
- Evaluates the underlying underwriting or operational decision
- Looks for repeated exceptions and process drift
- Connects source records, issued documents, reporting, and cash
01
Review modules
Three disciplines. One connected view of the program.
Underwriting Review
Were risks selected, priced, approved, bound, and documented according to the program requirements?
- Eligibility and appetite
- Drivers and vehicles
- Loss experience
- CAB, DOT, and FMCSA
- Commodities and radius
- Rating and pricing
An out-of-appetite risk is not treated as a finding when a valid approval was issued by the proper authority before binding and is documented in the file.
Operational Review
Were policy transactions authorized, accurate, timely, and supported by complete evidence?
- Bind and issuance
- Endorsements
- Cancellations and reinstatements
- Return premium
- State filings
- System-to-document agreement
Timeliness is measured against the client’s standard. If no formal standard exists, Praxis reports the actual elapsed time without inventing a deadline.
Financial Controls Review
Can premium and related funds be traced from the policy transaction through reporting, collection, allocation, and remittance?
- Bordereaux reconciliation
- Premium and cash testing
- Commissions, taxes, and fees
- Carrier settlements
- Bank and trust support
- Collateral and loss funds
Differences remain visible in the workpapers. Repeated small differences may indicate a broader control issue even when each item is individually minor.
Measured against the client’s requirementsProgram agreement · delegated authority · underwriting guidelines · policy terms · approved procedures · reporting requirements
Specialized experience
Commercial trucking across borders and operating models.
Praxis brings hands-on experience with U.S.–Mexico cross-border trucking, NAFTA/USMCA business, and both short-haul and long-haul operations. That operating knowledge helps us evaluate the risk, documentation, pricing, policy transactions, and financial reporting in the context of how the business actually moves.
Cross-border truckingNAFTA / USMCA businessShort-haul operationsLong-haul operationsB-1 driver exposureU.S. and Mexico CDL
Cross-border
Experience with risks operating between Mexico and the United States, including the documentation and driver considerations unique to cross-border business.
NAFTA / USMCA
Practical familiarity with transportation programs supporting North American trade and the insurance controls required around those operations.
Short-haul
Review of local and regional operations where radius, frequency, driver activity, and vehicle use shape the risk.
Long-haul
Review of interstate operations involving extended radius, varied commodities, driver qualification, and greater exposure over time and distance.
Quality controls
Conclusions that can be followed back to the evidence.
Two sets of eyes
The person reviewing a workpaper is not the person who prepared it.
Traceable findings
Each conclusion links to the applicable criterion, evidence, test, and sampled item.
Consistent classification
Results are recorded as Pass, Exception, or Not Applicable and findings as isolated or systemic.
Principal sign-off
A Principal reviews the scope, terminology, conclusions, and final report.
Who we serve
Independent support for each side of program business.
Every engagement is tailored to the agreement, delegated authority, reporting obligations, and risks of the program being reviewed.
01
Carriers & reinsurers
Delegated authority oversight, program controls, reporting, and remediation.
02
MGAs & program administrators
Readiness reviews, control assessments, and preparation for examinations.
03
Investors & strategic partners
Focused diligence on insurance program operations and controls.
04
Insurance operations teams
Advisory and bilingual nearshore support for defined insurance functions.
03
Leadership & delivery
Principal-led reviews supported by experienced professionals.
Praxis combines senior oversight with experienced review support across underwriting, financial operations, policy servicing, and quality control. The two principals remain directly involved in scope, review, conclusions, and final reporting.
Francisco J. Magallon
Commercial trucking underwriting, delegated programs, transportation risk, cross-border exposure, and program operations.
Daniel Alberto Trenado Rodriguez
Bordereaux, premium and commission reconciliation, carrier settlements, collateral, treasury, compliance, and operational governance.
Client deliverables
Clear outputs for decisions and follow-through.
01Executive summaryMaterial findings, patterns, and priority actions.
02Detailed findings reportCriteria, evidence, response, impact, and recommendation.
03Exception & disposition logA traceable record of tested items and final status.
04Corrective action planActions organized by responsibility and follow-up.
05Evidence indexSupport connecting each test and conclusion to its source.
Ways to begin
Start with a defined program and expand only when useful.
Focused pilot
One program, a defined period, and one or more review modules with the complete reporting package.
Portfolio review
Multiple programs reviewed under a common framework with consolidated themes and actions.
Advisory engagement
Recurring underwriting, operational, and financial control support as the program develops.
Start with a conversation
Discuss a program review.
Tell us which program, period, and review discipline matter most. We can define a focused pilot and the information needed to begin.
francisco@praxisriskmanagement.com ↗