1. CFO Dashboard User Guide
  2. Oracle Insurance Performance Insight

2 Oracle Insurance Performance Insight

The Oracle Insurance Performance Insight application is designed to cater to both General Insurance and Life & Annuity Insurance Businesses. Specific dashboards with tabs and relevant set of reports, ratios, and Key Performance Indicators (KPIs) are available to specific insurance business types.

The CFO Dashboard is analytics for new age CFOs- evolving from historic to future view by creating an intelligent narrative for business insights and strategy. It is developed using the Oracle Data Visualization Tool to provide best-in-the-market visualization.

Oracle Data Visualization (DV) provides a quick and effective way to communicate information in a universal manner using visual information. The DV stories are packaged in the application in addition to the standard OBIEE Reports. The DV technology allows to play out interactions between various factors which are significant in the analysis enabling enhanced experience for the Business User.

The CFO Dashboard provides:

  • A single window access to information.
  • Key Insurance Data for the Chief Financial Officer and other decision-making authorities.
  • Built-in KPIs around the business indicators, trends, IFRS compliant numbers, performance snapshots, and quick action areas.
  • Unlocks the actionable insights through KPIs, trends, geography, grouped Line of Business (LOB), and product data.

Key Features:

  • View Key Metrics and data across multiple dimensions.
  • The dashboards canvasses are designed to contain Key Performance Indicators (KPIs) around business indicators, trends, numbers, performance snapshots, and quick action areas.
  • Compare business performance of current with previous values.
  • Switch between an enterprise view to geographical region granularity.
  • View report results with graphical representations.
  • View Profitability, Expenses, Contractual Service Margin (CSM), Revenue, Adjustments Insurance Service Cost, Liability for Remaining Coverage (LFRC), and Liability for Incurred Claims (LIC).
  • Comparison and Trend Analysis between New and Existing Business.
  • Trend lines on Losses/reversals.
  • Comparisons- P&L/Other Comprehensive Income (OCI) Trend, LIC vs LFRC.