This is a Car Insurance Metric Dashboard (Diamond) Report, it is one of reports that Balanced Scorecard Designer can generate for Car Insurance KPI. With this software you can also design your own scorecards, KPIs and metrics.


Car Insurance Business Scorecard

Report includes: 2 day(s), from 19.03.2009 to 20.03.2009

  Name Start value End value Dynamic Contains
Root Car Insurance Business Scorecard  39,73 % 47,81 % + 8,08 %
Schemes' Assessment Perspective(23,5%, -4,65%Down)
Internal Operations(46,3%, -13,48%Down)
Growth and Expansion Perspective(67,2%, 26,85%Up)
Financial Success and Acclamation Assessment(67,1%, 40,76%Up)

Graph for Car Insurance Business Scorecard

Graph for Car Insurance Business Scorecard

Data for Car Insurance Business Scorecard

DatesValue
19.03.200939,73
20.03.200947,81


Schemes' Assessment Perspective

  Name Start value End value Dynamic Parent Contains
Root Schemes' Assessment Perspective SLYellow 28,18 % 23,53 % -4,65% Car Insurance Business Scorecard
Indicators
Average Documentation Timeframe
Fraction of 'First Party' Contribution in Total Insurance Scheme
Average Conversion Rate
Legal Alignment *
* - Information for this metric is limited in sample report Description This Perspective makes it possible for the company to know how the various schemes have been faring.

Graph for Schemes' Assessment Perspective

Graph for Schemes' Assessment Perspective

Data for Schemes' Assessment Perspective

DatesValueWeight
19.03.200928,183
20.03.200923,533


Average Documentation Timeframe

  Name Start value End value Dynamic Measure units Optimization method Parent
Root Average Documentation Timeframe DownGreenSLRed 24,606 17,907 -6,699 hrs Minimize Schemes' Assessment Perspective
Description This is to know the time that goes into right from 'conveying to the company that the customer is interested in buying the scheme' to 'completing all the legal formalities'. It reflects the pace at which the flow of 'information' and 'documents' take place.

Graph for Average Documentation Timeframe

Graph for Average Documentation Timeframe

Data for Average Documentation Timeframe

DatesWeightMinMaxValue
19.03.2009313024,606
20.03.2009313017,907


Fraction of 'First Party' Contribution in Total Insurance Scheme

  Name Start value End value Dynamic Measure units Optimization method Parent
Root Fraction of 'First Party' Contribution in Total Insurance Scheme DownRedSLYellow 0,8502 0,8414 -0,0088 # Maximize Schemes' Assessment Perspective
Description Out of 'first party', 'second party' and 'third party' insurance modes, the most profitable mode is that of 'first party'. By knowing the fraction of this mode, one can have an estimation of the total schemes.

Graph for Fraction of 'First Party' Contribution in Total Insurance Scheme

Graph for Fraction of 'First Party' Contribution in Total Insurance Scheme

Data for Fraction of 'First Party' Contribution in Total Insurance Scheme

DatesWeightMinMaxValue
19.03.200920,810,8502
20.03.200920,810,8414


Average Conversion Rate

  Name Start value End value Dynamic Measure units Optimization method Parent
Root Average Conversion Rate UpGreenSLYellow 33,5 41,48 + 7,98 % Maximize Schemes' Assessment Perspective
Description The value of this KPI can be had by looking at the ratio borne by 'number of people who decided in favor of the schemes' to 'total number of people who took a look at the schemes'.

Graph for Average Conversion Rate

Graph for Average Conversion Rate

Data for Average Conversion Rate

DatesWeightMinMaxValue
19.03.200933010033,5
20.03.200933010041,48


Internal Operations

  Name Start value End value Dynamic Parent Contains
Root Internal Operations SLYellow 59,76 % 46,28 % -13,48% Car Insurance Business Scorecard
Indicators
Types of Insurance Schemes Offered
Percentage Increase in the Portfolio
Number of Fraudulent Claims Made
Number of Partners and Affiliates *
'Being Involved in Disputes' Fraction *
* - Information for this metric is limited in sample report Description This group of KPIs is to have a peep into the internal proceedings of the organization.

Graph for Internal Operations

Graph for Internal Operations

Data for Internal Operations

DatesValueWeight
19.03.200959,763
20.03.200946,283


Types of Insurance Schemes Offered

  Name Start value End value Dynamic Measure units Optimization method Parent
Root Types of Insurance Schemes Offered UpGreenSLYellow 5,288 7,824 + 2,536 # Maximize Internal Operations
Description This gives the expansion of the situations for which the company provides the financial cover for the vehicle. For instance, companies offer protection in instances of vehicle getting stolen, catching fire or meeting accident.

Graph for Types of Insurance Schemes Offered

Graph for Types of Insurance Schemes Offered

Data for Types of Insurance Schemes Offered

DatesWeightMinMaxValue
19.03.200922105,288
20.03.200922107,824


Percentage Increase in the Portfolio

  Name Start value End value Dynamic Measure units Optimization method Parent
Root Percentage Increase in the Portfolio DownRedSLYellow 99,28 55,68 -43,6 % Maximize Internal Operations
Description This reflects the interest of the management in keeping the name ‘known’ among the masses.

Graph for Percentage Increase in the Portfolio

Graph for Percentage Increase in the Portfolio

Data for Percentage Increase in the Portfolio

DatesWeightMinMaxValue
19.03.200922010099,28
20.03.200922010055,68


Number of Fraudulent Claims Made

  Name Start value End value Dynamic Measure units Optimization method Parent
Root Number of Fraudulent Claims Made UpRedSLRed 3,67 7,3 + 3,63 # Minimize Internal Operations
Description This KPI hints at the flaws that occur in the Insurance Scheme. One can re-frame the terms of the scheme depending on the value of this indicator (over the last 1 year).

Graph for Number of Fraudulent Claims Made

Graph for Number of Fraudulent Claims Made

Data for Number of Fraudulent Claims Made

DatesWeightMinMaxValue
19.03.200920103,67
20.03.200920107,3


Growth and Expansion Perspective

  Name Start value End value Dynamic Parent Contains
Root Growth and Expansion Perspective SLYellow 40,36 % 67,21 % + 26,85% Car Insurance Business Scorecard
Indicators
'Number of Schemes Subscribed' Scaling
'Average Target Surpassing' Ratio
Percentage Increase in Customized Insurance Schemes
NTU Ratio *
* - Information for this metric is limited in sample report Description This enables to know the extent of spread that has been managed by the company.

Graph for Growth and Expansion Perspective

Graph for Growth and Expansion Perspective

Data for Growth and Expansion Perspective

DatesValueWeight
19.03.200940,362
20.03.200967,212


'Number of Schemes Subscribed' Scaling

  Name Start value End value Dynamic Measure units Optimization method Parent
Root 'Number of Schemes Subscribed' Scaling DownRedSLYellow 87,62 51,85 -35,77 % Maximize Growth and Expansion Perspective
Description This is to know the degree at which the subscription has seen a jump. It can be calculated on yearly basis.

Graph for 'Number of Schemes Subscribed' Scaling

Graph for 'Number of Schemes Subscribed' Scaling

Data for 'Number of Schemes Subscribed' Scaling

DatesWeightMinMaxValue
19.03.20092209087,62
20.03.20092209051,85


'Average Target Surpassing' Ratio

  Name Start value End value Dynamic Measure units Optimization method Parent
Root 'Average Target Surpassing' Ratio UpGreen 0,6992 0,77 + 0,0708 # Maximize Growth and Expansion Perspective
Description This KPI is equal to the fraction of workforce that could 'move ahead of the targets they were assigned'.

Graph for 'Average Target Surpassing' Ratio

Graph for 'Average Target Surpassing' Ratio

Data for 'Average Target Surpassing' Ratio

DatesWeightMinMaxValue
19.03.200930,610,6992
20.03.200930,610,77


Percentage Increase in Customized Insurance Schemes

  Name Start value End value Dynamic Measure units Optimization method Parent
Root Percentage Increase in Customized Insurance Schemes UpGreenSLYellow 39,32 85,66 + 46,34 % Maximize Growth and Expansion Perspective
Description An organization runs several schemes that are valued differently. By knowing the percentage rise in the customized schemes, one can have an idea of the extent it is valuing the needs of its customers in order to gain a respectable image in their eyes.

Graph for Percentage Increase in Customized Insurance Schemes

Graph for Percentage Increase in Customized Insurance Schemes

Data for Percentage Increase in Customized Insurance Schemes

DatesWeightMinMaxValue
19.03.20093209039,32
20.03.20093209085,66


Financial Success and Acclamation Assessment

  Name Start value End value Dynamic Parent Contains
Root Financial Success and Acclamation Assessment SLYellow 26,38 % 67,14 % + 40,76% Car Insurance Business Scorecard
Indicators
Total Revenue Collections
Fraction of Income that went into Satisfying Claims
Forecasted Value Meeting Ratio
Financial Position *
Number of Awards Collected *
* - Information for this metric is limited in sample report Description KPIs under this head are of immediate importance to the organizational management.

Graph for Financial Success and Acclamation Assessment

Graph for Financial Success and Acclamation Assessment

Data for Financial Success and Acclamation Assessment

DatesValueWeight
19.03.200926,382
20.03.200967,142


Total Revenue Collections

  Name Start value End value Dynamic Measure units Optimization method Parent
Root Total Revenue Collections UpGreenSLYellow 14563 89902 +7,534E004 $milion Maximize Financial Success and Acclamation Assessment
Description This gives the amount that was collected in one year’s period.

Graph for Total Revenue Collections

Graph for Total Revenue Collections

Data for Total Revenue Collections

DatesWeightMinMaxValue
19.03.20092100010000014563
20.03.20092100010000089902


Fraction of Income that went into Satisfying Claims

  Name Start value End value Dynamic Measure units Optimization method Parent
Root Fraction of Income that went into Satisfying Claims DownGreen 0,2436 0,2139 -0,0297 # Minimize Financial Success and Acclamation Assessment
Description This is to know the monetary gatherings that went into fulfilling the claims that were made by the clients.

Graph for Fraction of Income that went into Satisfying Claims

Graph for Fraction of Income that went into Satisfying Claims

Data for Fraction of Income that went into Satisfying Claims

DatesWeightMinMaxValue
19.03.2009200,30,2436
20.03.2009200,30,2139


Forecasted Value Meeting Ratio

  Name Start value End value Dynamic Measure units Optimization method Parent
Root Forecasted Value Meeting Ratio DownRedSLYellow 0,8894 0,8884 -0,001 # Maximize Financial Success and Acclamation Assessment
Description This parameter shows the instances when the forecasted and predicted amounts were reached for.

Graph for Forecasted Value Meeting Ratio

Graph for Forecasted Value Meeting Ratio

Data for Forecasted Value Meeting Ratio

DatesWeightMinMaxValue
19.03.200920,810,8894
20.03.200920,810,8884
Created by: AKS-Labs
Report created with Balanced Scorecard Designer at 15.03.2009 13:47:18

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