Policy & Claims Analytics

Policy and Claims - Advanced Analytics for you P&C platform via Incorta

Until now, the reporting needed to understand and optimize new line-of-business products—and integrate other data sources as they arose—demanded an analytics agility most Property and Casualty (P&C)  insurers wanted, but couldn’t achieve. 

With no data modeling or ETL required. Users get instant access to up-to-date, consolidated policy and claims data, and can build all of the high-performance reports they need—on their own—without waiting for IT support.

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Pre-Built Incorta Content Accelerates Your Policy and Claims Analytics Initiatives

 Quickly unify data across policy, claims, and billing systems in order to:

  • improve cross sell/up sell conversion rates by analyzing policies across accounts and policyholders;
  • analyze general premium data comprised of the key fiscal year premium and loss performance indicators like Written and Earned Premium—along with the associated incurred loss components (loss payments and total Incurred losses) for the year—while calculating a Loss Ratio for the Year;
  • understand the annual financial history through “Written” and “Earned” premiums for both new business and renewals at the end of the accounting period; and
  • easily drill down to Company, Line Division, Line of Business, Product, and Coverage levels.

Sample Reports & Metrics

FINANCIAL OVERVIEW
  • In Force and Unearned Premium Trending and Summary
  • Written and Earned Premium Trending and Summary
  • In Force Premium Metric
  • YTD Written Premium Metric
  • Retention and Lost Business
  • Analysis
OPERATIONAL KPIS
  • New Business
  • Retention Analysis
  • Cross Sell/Up Sell Analysis
  • Inforce Book Average Age
  • Inforce and Unearned Premium Trending and Summary
  • Cancellation Monitoring
  • Regional Coverage Analysis
  • Lost Business Analysis
  • At-Risk Submissions and Renewals Analysis
  • Activity, Planning, and Performance
  • Audit Analysis
  • Account Evaluation
  • Tenure Retention Analysis
  • Sales Channel Performance Monitoring
  • Premium Transaction Allocation Summary and Summary by Day
  • Product Offering and Customer Behavior
COMMON DASHBOARDS
  • Marketing Results
  • Large New Business Alerting
  • General Premium Summary
  • Executive Dashboard

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