Managing risk and reward with a data-driven culture.
The world's most successful insurance organizations strike a balance between short-term risks and long-term rewards. Their success is based on offering the right product, having the right people selling that product and managing the risks associated with selling insurance policies. Use these Insurance KPIs and metrics to learn how to balance the risks and rewards that are part and parcel of the insurance business.
Measures how much your organization pays out for each claim filed by your customers.
Measures how satisfied your customers are with the products and services your organization provides.
Measures the number of claims in a period and divides that by the earned premium for the same period.
Measures how long it takes – on average – to settle insurance claims for each type of policy your organization offers.
Measures the amount of policy renewals and new policy sales over a set period of time.
Measures how many new policies your organization has sold over a set period of time and compares that to a target value.