5.4.3 Lines of Business Tab

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

• Time
• Company
• Lines of Business
• Geography

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

Claim Ranking by Lines of Business

This is a tabular report that lists the Lines of Business in the order of greatest value to least value based on the Grade Basis selected. The information provided includes Key Performance Indicators for Claim Performance.

Figure 5-201 Claim Ranking by Lines of Business

Catastrophe Claim by Lines of Business

This is a tabular report that provides a summary of the effects of a Catastrophe on the Claims Performance for the Lines of business. The total Claim Payments, Net Losses, and Claim Count are presented for each Line of business for each Catastrophic Event.

Figure 5-202 Catastrophe Claim by Lines of Business

Lines of Business Loss Ratio

This report is a line graph that illustrates the Loss Ratio, the ratio of incurred losses to earned premiums, over a time series. In this report, each Line of business is represented by its own line.

Figure 5-203 Lines of Business Loss Ratio

Lines of Business Incurred Loss

This report is a line graph that represents the Incurred Losses, total amount of paid claims, and loss reserves associated with a reporting period, over a time series. This also illustrates each Line of business with its own line.

Figure 5-204 Lines of Business Incurred Loss

Claim Payments by Loss Type

This report is a line graph that summarizes the monetary amount of payments that have been made for losses reported for each Line of business. The loss types can be further filtered to see the specific loss type details. Each Line of business is represented by its own line.

Figure 5-205 Claim Payments by Loss Type

Payments by Reinsurance Company

This report is a Bar/Line graph that illustrates the relationship between the amount of payments made by the insurer and those that were received by the reinsurers.

Figure 5-206 Payments by Reinsurance Company

Expenses by Loss Type

This report is a line graph that illustrates the monetary payment totals generated for Expenses on claims based on the cause of the loss. Each Expense amount is categorized by Lines of business and type of Loss. Additional Details can be reviewed by selecting a specific Loss Type from the Loss Type selection field.

Figure 5-207 Expenses by Loss Type

Expenses by Expense Type

This report is a line graph that illustrates the monetary payment totals generated for Expenses on claims based on the categorization of the expense. Each expense amount is categorized by the Lines of business and type of Expense. Additional Details can be reviewed by selecting a specific Expense Type from the Expense Type selection field.

Figure 5-208 Expenses by Expense Type

Recovery Overview by Lines of Business

This report is a tabular representation illustrating the performance of Recovery Referral for each Line of business and the performance of those efforts.

Figure 5-209 Recovery Overview by Lines of Business

Recovery Payments by Lines of Business

This report is a line graph that illustrates the total monetary amount of Recovery Payments, payments received by an insurer that reimburse it for losses it paid, received during a reporting period and shown over a period for each Line of business. Each Line of business is represented by its own line.

Figure 5-210 Recovery Payments by Lines of Business

Average Days until Closed

This report is a line graph that illustrates the average number of days between the day a claim is opened in the system and the date that the status of the same claim is changed to "Closed". This average is shown over a time series for each Line of business.

Figure 5-211 Average Days until Closed

Claims Closed without Payment

This report is a line graph that illustrates the count of claims that were closed during the reporting period without any loss payments generated for the claim.

Expenses may have been paid for these claims. Each Line of business is represented by its own line.

Figure 5-212 Claims Closed without Payment

Claims Closed Due to Fraud

This report is a line graph that illustrates the count of claims that, after an investigation, were deemed to be fraudulent. In this report, the count is exhibited over a time series with each Line of business represented by its own line.

Figure 5-213 Claims Closed Due to Fraud

Reopened Claims

This report is a line graph that illustrates the count of claims that were changed back to an "Opened" status after it was previously closed. This report shows affected claims during the reporting periods over a time series with each Line of business represented with its own line.

Figure 5-214 Reopened Claims

Litigation Claims

This report is a line graph that represents the count of claims where a judicial litigation case was initiated for the claim during the reporting period. This report illustrates the count of the affected claims for over a time series with each Line of business being represented by its own line.

Figure 5-215 Litigation Claims