In today’s economy, insurance companies, like any other association, are looking at methods to decrease costs, sustain or increase revenue and reduce exposure to risk. There was a time when insurance companies and their actuaries primarily utilized loss analysis...
From the blog of: Cory Hanna
In my previous posts I made a case for custom KPIs so let me also state that Industry KPIs shouldn’t be completely ignored. Let me illustrate through a story from my past.
At the time I was working for an insurance company and one of the industry performance indicators that was used by the industry as a benchmark was called “Expense Ratio”. At the time, our company didn’t focus on...
From the blog of: Robert Stickle
KPI, Key Performance Indicators, Benchmarkets, Insurance, Business Intelligence