6.1.3 Lines of Business Overview Tab

The Lines of business overview tab includes reports that focus on an overview of Key Performance Indicators for Lines of businesses. The filters for this tab allow the report results to be focused on selected lines of business for comparison and targeted analysis.

The filters are:

• Time
• Company
• Lines of Business
• Region

The various reports available under this tab are discussed in the following sections.

Customer Distribution by Policy Status

This report provides customer and policy information through time series. Various performance metrics-based measures, for example, the Number of New Customers, Number of Closed Customers, and so on for the reporting period selected, are displayed on a year-on-year basis. This report can be analyzed over various periods, entities, regions, and lines of business selected from page-level prompts.

Figure 6-24 Customer Distribution by Policy Status

Top 10 Lines of Business for In-force Premium and Policy Count

This report provides ranking for the Top 10 lines of businesses in terms of in-force written premium and policy count with previous period ranking.

Figure 6-25 Top 10 Lines of Business for In-force Premium and Policy Count

Bottom 10 Lines of Business for In-force Premium and Policy Count

This report provides ranking for the Bottom 10 lines of businesses in terms of in-force, written premium, and policy count with previous period ranking.

Figure 6-26 Bottom 10 Lines of Business for In-force Premium and Policy Count

Policy Distribution

This report provides a policy count of all active policies through a time series.

Figure 6-27 Policy Distribution

New Business Policy Distribution

This report provides Policy Count or Written Premium for all new business policies, as selected from the report level view option, during the reporting period across Lines of business through time series.

Figure 6-28 New Business Policy Distribution

Policy Attrition

The objective of the report is to show Attrition Policy Count (Lost) and Attrition Written Premium (lost business across Lines of businesses over a period. The Attrition Policy count and attrition written premium values can be filtered and analyzed through report level filters on various attrition types, for example, Cancellation, nonrenewal, and expiration.

Figure 6-29 Policy Attrition

Quote Declines

The objective of the report is to show the count of quote declines across lines of businesses. This report displays declines by various quote types through a time series. The report can be analyzed by all declined quotes as well as by various quote types, that is, New Business Quotes, Endorsement Quotes, Renewal Quotes, Reinstatement Quotes, and Cancellation Quotes.

Figure 6-30 Quote Declines

Top Policy Attrition Reasons

The objective of the report is to show the top three attrition reasons for each attrition type, that is, Cancellation, Nonrenewal, and Expiration in terms of percentage contribution to total attrition across Lines of businesses. These are reported for all lines of businesses in which the insurer writes business.

Figure 6-31 Top Policy Attrition Reasons

Lines of Business Claim Ratio Trend

This Report shows the Claim Ratio Trend across all or selected lines of businesses through a time series trend graph.

Figure 6-32 Lines of Business Claim Ratio Trend

Claim Counts Trend by Lines of Business

This report displays the count of claims through a time series for all of the selected lines of businesses.

Figure 6-33 Claim Counts Trend by Lines of Business