KPI of the Day – Insurance: # Insurance claim processing time

Written by Andrei Costea on September 17, 2019. Posted in News

Definition

Measures the time it takes, on average, to process a claim, from initiation to a decision being made.

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KPI of the Day – Insurance: # Insurance underwriting time

Written by Andrei Costea on September 16, 2019. Posted in News

Definition

Measures the time taken, on average, to calculate the rate of an insurance application.

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2010 Trends for workers compensation claim frequency

Written by Denisa Călin on October 27, 2010. Posted in Around the world, Articles, Individual Performance

A research brief released recently by the USA based National Council on Compensation Insurance Inc. (NCCI) indicates that the workers compensation claim frequency declined with 4% in 2009, compared to 3,4% in 2008. However, the data also reveals that though claim frequency is down, indemnity and medical severity continue to rise, outpacing the wage inflation.

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