An analytical dashboard offers in-depth data in an easy-to-use interface. Use Enterprise Risk Management (ERM) techniques to model and manage risk, confidently expand into new global markets and product lines, and analyze solvency (Solvency II / ORSA) to meet regulations.
Many organizations consider global expansion. Do it right with a well-designed insurance dashboard that shows country-or region-specific information and the associated risks and opportunities. Dig deep into regulatory issues, competitive analysis, market potential, M&A opportunities, as well as the political, cultural and religious considerations.
How do your sales and claims map out across various products and regions? Use Dynamic Financial Analysis (DFA), solvency (DST) and asset and capital allocation (DCAT) models to analyze your organization’s financial health. Analytical dashboards can be exported to PDF and Excel spreadsheets for additional analysis.
Visualize your Business Transaction Management data to see the delays in claims processing, billing and underwriting for your online customers. Track customer service metrics from your call center by product, region, and service rep to make improvements.
With individual policyholder data, you’ve got a way to improve underwriting and pricing techniques. Create innovative, specialized products that target discrete policyholder segments. For example, health insurers can incorporate data from Electronic Health Records (EHRs) into a dashboard to identify risk factors, evaluate care processes, and explore alternative payment incentives and tiered provider networks.
Visualize Such KPIs As:
- Average Claim Value
- Claim Count
- Profit/Loss Ratio
- Investment Earnings
- Earned Exposure
- Total Premiums Written
- Market Share
- Number of Corporate Customers
- Average Products Per Customer
- Total Online Quotes Delivered