The Accelerator for Insurance KPIs provides executives with a high-level view of KPIs that indicate revenue and profit performance for their organisation.You can monitor Renewals, quotes before sales, new policies, GWP, acquisition costs, brokerage, profit ratio and profit. You also can filter to view different parts of your organisation and performance over different time periods. (The default time period shows analyses for the current month.)
You can connect with The Information Lab directly to find out how our consultants can help you with your own insurance analytics.
Answer Key Business Questions
- How many renewals did we have this month, and how do renewals and new sales activity compare with previous months?
- How many Gross Written Products (“GWP”) do we have this month, and how does it compare with previous periods?
- What is our acquisition cost this month, and what are profit margin and gross profit? How do they compare with previous periods?
Monitor and Improve KPIs
- Renewals
- Quotes before sale
- New policies
- Gross written products
- Acquisition costs
- Brokerage
- Profit ratio
- Profit
Required Data Attributes
- Contract Rolling (boolean)
- Date (date)
- Department (string)
- Expected Renewal (boolean)
- Insurance policy (string)
- Policy ID (string)
- Region (string)
- Cost/Revenue (float)
- Costs (float)
- Policy revenue (float)
- Profit (float)
- Profit ratio (float)
- Quotes before sales (float)