6.1.4 Lines of Business Performance Tab

The Lines of business performance tab includes reports that focus on the Performance of each Line of business. The filters for this tab allow the report results to be focused on selected lines of business for comparison and targeted analysis.

The filters include:

• Time
• Company
• Lines of Business
• Region

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

Line of Business Profit and Loss

This tabular report provides a snapshot of financial profitability by all or specific lines of business selected for the period. The financial performance window displays net income through premium, expenses through claims, and benefits paid with overall profitability. This report also shows the previous period figures along with a variance between the current and the previous period.

Figure 6-34 Line of Business Profit and Loss

Claim Settlement Ratio

This Report shows the claim settlement ratio for all selected lines of business for all or selected regions through a time series line graph. The purpose of this report is to analyze efficiency in claim settlement. The report can be viewed over various periods selected from the page level prompt.

Figure 6-35 Claim Settlement Ratio

Operating Ratio

This report shows the operating ratio for all or selected lines of business through a time series. This report can be viewed over various periods, entities, Lobs, and regions selected from page-level prompts.

Figure 6-36 Operating Ratio

Expense Ratio

This report shows the expense ratio for all or selected lines of business through a time series. This report can be viewed over various periods, entities, lobs, and regions selected from page-level prompts.

Figure 6-37 Expense Ratio

Claim Ratio

This Report shows the claim ratio for all selected lines of business for all or selected regions through a time series line graph. The purpose of this report is to analyze claims profitability and efficiency. The report can be viewed over various periods selected from the page level prompt.

Figure 6-38 Claim Ratio

Net Retention Ratio

This report shows the net retention ratio for all or selected lines of business through a time series. This report can be viewed over various periods, entities, Lobs, and regions selected from page-level prompts.

Figure 6-39 Net Retention Ratio

Commission Ratio

This report shows the commission ratio for all or selected lines of business through a time series. This report can be viewed over various periods, entities, Lobs, and regions selected from page-level prompts.

Figure 6-40 Commission Ratio

Average Earned Premium Growth

This report shows the growth in average earned premium for all or selected lines of business through a time series. This report can be viewed over various periods, entities, Lobs, and regions selected from page-level prompts.

Figure 6-41 Average Earned Premium Growth

Average Policy Growth

This report shows growth in policy premium for all or selected lines of business through a time series. This report can be viewed over various periods, entities, and regions selected from page-level prompts.

Figure 6-42 Average Policy Growth

Average Claim Frequency

This report shows the average number or frequency of reported claims for all or selected lines of business through a time series. This report can be viewed over various periods, entities, lobs, and regions selected from page-level prompts.

Figure 6-43 Average Claim Frequency

Average Claim Severity

This report shows the average size or severity of reported claims for all or selected lines of business through a time series. This report can be viewed over various periods, entities, lobs, and regions selected from page-level prompts.

Figure 6-44 Average Claim Severity

Top 10 Lines of Business Attrition

This report ranks the top ten lines of business in terms of various key attrition measures like loss policy count, lost written premium, and corresponding attrition ratio.

Figure 6-45 Top 10 Lines of Business Attrition

Top 10 Claim Paying Lines of Business

This report ranks the top ten lines of business in terms of claim payments, Claims paid, and incurred.

Figure 6-46 Top 10 Claim Paying Lines of Business