Posts Tagged ‘Insurance performance’

KPI of the Day – Insurance: # Claim settlement time

Written by Andrei Costea on July 16, 2021. Posted in News

Definition

Measures the time it takes, on average, for a client to receive payment from the insurance institution after a claim decision has been made.

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KPI of the Day – Insurance: % Claims rejection ratio

Written by Andrei Costea on July 8, 2021. Posted in News

Definition

Measures the percentage of claims that are rejected by the insurance institution, from overall claims.

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KPI of the Day – Insurance: % Insurance loss ratio

Written by Andrei Costea on July 7, 2021. Posted in News

Definition

Measures the percentage of incurred claims value, from the value of the earned premiums.

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KPI of the Day – Insurance: $ Insurance policy value

Written by Andrei Costea on July 6, 2021. Posted in News

Definition

Measures the average value of a new individual life insurance policy.

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KPI of the Day: % Promptness of claim settlements

Written by Andrei Costea on November 8, 2019. Posted in News

Definition

Measures the percentage of claims that are paid within the standard time period after the event was reported, according to the insurance type.

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