PRODUCT MANAGEMENT DASHBOARDS

FELLOW ANALYTICS VISUALIZATIONS PRODUCT MANAGEMENT DASHBOARDS IS A SET OF PRE-BUILT ANALYTICS VISUALIZATIONS OF AN INSURER’S PRODUCT MANAGEMENT DATA

FOR BETTER ANALYSES

Executives and Managers with a carrier’s Sales area require visibility into the dynamics related to sales performance, including metrics for DWP, earned premiums and policy counts.

This information helps set and follow growth objectives for a specific team, for brokers and agents, or for a given product line.

Visibility is also brought trough visualizations to other factors affecting profitability, such as Flex usage, New Business, Renewals/Retention ratios, agency incentives, customer calls statistics and claims frequency.

Example | PM-01 – SALES PERFORMANCE ANALYSIS DASHBOARD

PM-01 shows an overview of sales on all lines of business filtered by LOB, time elements and regions. Other related dashboards (1 of 10) show more detailed information on a given LOB or insurance product.

Other applicable Disciplines – Sales & Distribution and Underwriting

THE PRODUCT MANAGEMENT INFORMATION NEEDS MODEL

Visualization - Product management

PRODUCT MANAGEMENT ANALYSES DASHBOARDS

SALES
PERFORMANCE
PM01

This dashboard shows an overview of sales on all lines of business filtered by LOB, time elements and regions.

VIEW
SCREENCAST
LOSSES
PM02

This dashboard shows an overview of claims with incurred, claim counts, severity and loss ratio as the standout metrics. Claims incurred is also shown by product and broker (agency) with historical perspective over time. Combined Ration (COR)

COMBINED
RATIO
PM03

This dashboard shows Combined Loss Ratio for all states or for all regions. This analysis includes tracking of key COR metrics for Commercial and Personal Lines products such as Earned Premium, Incurred Loss, Ultimate Loss, Loss Ratio, ALAE to Loss and others.

WEB
CHANNELS
PM04

This dashboard provides visibility into how clients interact with an insurance carrier using the WEB portal. This type of analysis involves looking at how clients use the WEB portal for obtaining quotes, make enquiries on new and existing issues and complete Payments.

PRICING
DEVIATIONS
PM05

This dashboard provides visibility into pricing variations. Analysis occur by product, by type of coverage and underwriter, states and regions and provides monthly pricing variation metrics (difference between the base pricing of risks and the manually adjusted premium

OPERATIONAL
EFFICIENCY
PM06

This dashboard provides visibility for agency based distribution carriers into operational data related to agent appointments (planned vs. actual) and policy terminations on a monthly basis.

BUDGET
ANALYSIS
PM07

This dashboard provides visibility into Budgets and Expenses by region on an actual vs. planned basis. Shows Expenses tracked monthly and YTD.

BILLING &
COLLECTION
PM08

This dashboard provides visibility into how Billing & Collection affects product performance and profitability. It shows payment methods (single-pay or two-pay) by policy holder and payment mode affects the performance by Product.

CUSTOMER
PM09

This dashboard provides visibility into the Product/Customer combination along all the customer attributes (demographic groupings, market segments, age bands, gender and other policy holder attributes).