Premium & Loss

Get real-time and detailed insight into premium and loss to calculate profits and make better predictions.

To prevent unforeseen losses, insurance companies need to price their products in a way that can provide a safety net. For any insurance company, it makes sense to keep loss ratio lower than the premium charged. How to achieve this goal in informed and timely manner is a challenge. One way to achieve this is by delving into the ocean of data available. Using the right business intelligence tools, this data can be converted into interactive visual reports. Harnessing the power of information, companies can look in historic data to analyze trends and track anomalies in premiums charged and claims disbursed. Managers can identify disruptive patterns or leakages and take actions to rectify them.

Our insurance analytics solutions consists of dashboards that gives detailed insight in the premium and loss factors. Managers can see an aggregated view of current policies and the premiums charged. Analyze loss ratio per product in percentage and compare the data with last years data to understand risks and take informed decisions to mitigate them.
  • Premiums and loss analysis are the two main components of insurance analytics. This dashboard gives real-time insight in premiums written and loss incurred.
  • Get real-time overview of premiums written, loss ratio, policies currently in force and total number of customer’s.
  • Compare current year’s premiums, loss, and policies inforce and customer variance with previous year to track trends.
  • Report can be filtered as per company, region, line of business and more.
  • Written premium dashboard of our insurance analytics solution gives a drilled down view in premiums written.
  • Leaders can see the dollar value of all the premium written differentiated as per the region.
  • Options to shift between tabs such as premiums written per month, premiums written last year, location map for premiums and more are given.
  • Our insurance analytics dashboards help in determining loss by giving real-time insight in loss incurred.
  • Analyze direct incurred loss ratio and compare it with premium earned to gauge the effectiveness of company’s risk management policies and take actions to improve them.
  • Managers can shift through multiple tabs to check loss per month and view loss per location on a map.
  • Report can be further filtered as per location, policyholder’s name, earned premium, claims settled and loss incurred.
  • Our insurance analytics dashboard gives managers real time information about all the policies currently in force.
  • The report can be classified as per region and current year’s numbers can be compared with previous year’s to track and monitor variance and company’s performance.
  • Options to view in force policies per month and as per location are also given to provide better flexibility and deeper insight.

Blogs

Data Interpretation benefits and problem

Data Interpretation and Data Analysis is the process of ordering, structured, and giving meaning to the collected raw data. Well, it has a very important and crucial role in the business as it helps in making decisions for a business owner regarding the growth of the...
Read More

Business Intelligence Best Practices for Dashboard Design

The dashboard is the most creative and interactive way to express your data using data visualization technology that displays related datasets into the dashboard, which is capable of taking better action for business, track status and key performance indicators...
Read More

Top 5 Government Analytics Dashboard for Government Agency

Data can be considered as a major factor for the government to analyse. There have been multiple sources from where these data can be generated from different areas in the Government sector for a government agency to make decisions. In today's trends, it's very...
Read More

Financial Reporting and Analysis dashboard and KPIs

What is a financial analytics dashboard? A financial dashboard provides users a complete insight with visual representation of their selected financial KPIs. EzDataMunch financial analytics dashboard helps to understand the summary for the dashboard like operating...
Read More

Retail Analytics Dashboards and KPIs for Retailer

What is a Retail Analytics Dashboard? Retailers are always anxious to know about the sale and performance of their business. The retail dashboards are performance and activity tracking tools that give complete information about business activity. By keeping the right...
Read More

Restaurant KPIs and Dashboard for Business Profitability

KPI is a performance management tool or data that indicates the success of opportunities to gain success within a business. Data is running business these days, especially if we talk about the restaurant industry. Key Performance Indicators (Restaurant KPIs) are able...
Read More

Marketing Report Templates and Examples for Digital Marketer

What Is A Marketing Report? Marketing report is a type of report that contains important and irreplaceable documents for the marketers. This marketing report presents the overall marketing position of products or group of products. It shows the market condition of a...
Read More

Difference between Business Intelligence and Analytics

In today's changing world, Business Intelligence has made a significant impact on every sector of the business industry, whether it is a sector of retail, manufacturing, banking, healthcare etc., every sector is relying on BI and BI tools. Data driven patterns have...
Read More

Sales Performance Report Examples for Daily, Monthly, Weekly

What Is A Sales  Report? Sales Report or Sales Analysis Report shows overall trends in the amount of sales of the company over time. Perhaps most sales report shows that sales are increasing or decreasing. The sales report describes the records of all calls that are...
Read More

Data Analytics types for Better Decision Making in Business

What are Data Analytics? Data analytics is the technique of analysing raw data in order to make conclusions about that information. Data analytics technologies and techniques are mainly used in business enterprises to enable organizations to make more informed...
Read More

Events


Up Coming Webinar


Completed Webinars

Share This