5.1.6 Product Performance Tab

The Product performance tab includes reports that focus on the Performance of each product under each Line of business.

The filters for this tab allow the report results to be focused on selected products for comparison and targeted analysis. The filters include:

• Time
• Company
• Geography
• Lines of business
• Products

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

Product Profit and Loss

This tabular report provides a snapshot of financial profitability by all or a specific product for 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 5-58 Product Profit and Loss

Combined Ratio

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

Figure 5-59 Combined Ratio

Operating Ratio

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

Figure 5-60 Operating Ratio

Expense Ratio

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

Figure 5-61 Expense Ratio

Loss Ratio

This report shows a loss ratio for all or a specific product for or specific lines of business through a time series. This report can be viewed over various periods, entities, and geographies selected from page-level prompts.

Figure 5-62 Loss Ratio

Net Retention Ratio

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

Figure 5-63 Net Retention Ratio

Commission Ratio

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

Figure 5-64 Commission Ratio

Average Earned Premium Growth

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

Figure 5-65 Average Earned Premium Growth

Average Policy Growth

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

Figure 5-66 Average Policy Growth

Average Claim Frequency

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

Figure 5-67 Average Claim Frequency

Average Claim Severity

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

Figure 5-68 Average Claim Severity

Top 10 Product Attrition

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

Figure 5-69 Top 10 Product Attrition

Top 10 Claim Paying Products

This report ranks the top ten products in terms of claim payments.

Figure 5-70 Top 10 Claim Paying Products