Insurance Claims Executive Dashboards
Analyze Gross Paid Loss, _______, 3rd Party Expenses, Salvages
We helped our ______ assess how much they ___ out in claims, with ____ frequency, loss ratios relative __ premiums coming in
Industry
Insurance
Business Functions
Risk Management, Insurance Claims
Solution Delivered
Data Analytics, Dashboard Designing & Development
Technologies
Tableau & Power BI
Geography
Singapore
Our Customer
This customer is one __ the biggest Insurance companies __ East Asian countries. For ___ insurance industry, prioritizing and ____________ digital transformation and data-driven _______ to improve operations, customer ___________, and risk management is ___ most important activity.
The current requirement of __________ was to set up _ mechanism to perform the _________ tasks in order to ____ data-informed decisions.
- Monitor & detect insurance ______
- Leverage powerful analytics
- Track regulatory compliance
- Manage audit processes
The Key Challenge of ___ Client
Insurance is a data-centric ________ and insurers have collected _ huge amount of customer ____ till now. But monetizing ____ data and finding business ________ with legacy systems, products, ___ business models is a ____-_________ and complex process.
Our client wanted a ____-______ system backed by data _________ to give intuitive & ___________ dashboards for every business ____.
Our Objective for Designing & Developing the Solution
With insurance customers moving ______ to interact with brands, ___ client wanted a better ______ for managing claims better, _______ detecting fraud, improving service __ customers, and understanding employee ______ and their impact on ___ business.
The Outcome ScatterPie Provided
As an outcome, the __________ team provided a claim _________ overview dashboard to stay __-__-____ on claims activity and ___________ by product line, across ___________, and get a glance __ key KPIs
Our Solution
ScatterPie business analysts analyzed ___ existing decision-making from legacy _______, excel to track captured ____ points and the list __ KPIs.
We suggested a dashboard ___ insurance leaders to see __________ analysis, regional analysis, regional _____, Claims distribution
The dashboard users can ___ a high-level summary of _____ Paid Loss, Credits, 3rd _____ expenses, and salvages for ___ selected period
The areas covered in ___ delivered solution were as ___ following:
Net Claims Paid by ______
For claims managers, this __ critical to stay up-to-date __ Insurance claims by product ____, across territories. Dashboard uses ___ see net claims paid & severity by region.
Claims by Accidents Analysis
Getting visibility in the ______ to analyze the patterns __ the accidents and trends __ accident claims by vehicles __ identify patterns.
Claims Threshold Distribution
Claims threshold distribution provides __________ into the patterns of ______ with settlement days. Any ________ in the trend require ___ attention of the claim _______ for identifying the potential ______ in the process.
How Our Solution Benefited ___ Client
ScatterPie’s solution resulted in ___ following benefits:
- Tracking important claim KPIs __ one place.
- Getting patterns in claims ___ distributions.
- Getting visibility in the ___-__-___ operations & claims.
- Timely emails to stakeholders ____ the most important KPIs __ track.