Financial%20Insurance%20Company KPIs

Excel-Based Scorecard for Financial Insurance Company

Financial Insurance Company measurement KPI - Balanced Scorecard metrics template example Financial Insurance Company caters to the needs of individuals and organizations which deal with high risk business activities. The aim is to develop such financial products so as to transfer the underlying risk of the customers.

In financial insurance company, KPIs can be configured under four perspectives- Financial, Underwriting Risk, Investment and Credit Risk and, Client Handling and Performance.

Financial Perspective provides an insight of the financial performance of the company. It takes into consideration KPIs such as premium revenue growth, % increase in operating profits, market coverage and % increase in reserves for claims.

Underwriting Risk Perspective deals with management of underwriting risk associated with activities. KPIs in the form of ratio, reserve adequacy level, retention ratio and % of policies for which loss assessment modeling is done are the parts of this perspective.

Investment and Credit Risk Perspective comprises of KPIs like % increase in investment returns, investment leverage, insurance duration and liquidity level.Client Handling and Performance Perspective judges the company in terms of managing customer relationship.

It consists of KPIs like frequency of customer complaints, % of service level agreements monitored, number of insurance programs offered.

Download Trial Version of KPIsBuy Full Version of KPIs

Why do business professionals choose ready-to-use KPIs?

Read Why do business professionals choose ready-to-use KPIs? to find out the answers to these questions:

  • Can a business professional research KPIs on his own?
  • How do I avoid typical problems with KPIs?
  • Is ready-to-use KPI applicable in my niche?
  • Is KPIs' price affordable?
  • Can KPIs can be easily integrated in any business environment?
  • How can KPIs make the difference to the business?

What are the benefits of Financial Insurance Company metric:

Get these KPIs

More ideas on using Financial Insurance Company KPI

Financial Insurance Company is the one that is involved in providing financial coverage to risky businesses and processes.

This is needed as the dynamicity of both 'internal' and 'external' surroundings can fall heavy on financial standing of the organization. In such a scenario, providing economic coverage is a must.

One can avail to such a benefit by paying premiums on regular basis to the service provider in return for having financial assurance. Several such financial cover providers are operating in the market.

Heading further, ensuring that the operations are done in a well- enough manner, one requires a 'performance management tool' to measure and track the performance path. A 1990s management strategy called BSC (Balanced Scorecard) has often been used for this purpose. It rests on the basic principle that 'only when you can count your steps that you can improve those'. In other words, by framing KPIs (Key Performance Indicators) that can accurately reflect the factors having a bearing on the growth of the company, it is possible to improve the process.

This tool can also be put to use in case of economic assurance sector where an appropriate set of indicators is all that it takes to gauge the progress.

More useful information for Financial Estimation

Financial Insurance Company Evaluation Balanced Scoreboard Screenshots

The Balanced Scorecard (BSC) dashboard indicates performance within each perspective and the total performance of .

This is the actual scorecard with Financial Insurance Company Measures and performance indicators.

Metrics for Financial Estimation

This is the actual scorecard with Financial Insurance Company Measures and performance indicators. The performance indicators include: financial perspective, premium revenue growth, % increase in operating profits, market coverage, % increase in reserve for claims, underwriting risk perspective, expense ratio, reserve adequacy level, retention ratio/ reinsurance ratio, % of policies for which loss assessment modeling is done, investment and credit risk perspective, % increase in investment returns, investment leverage, insurance duration, liquidity level, client handling and performance, frequency of complaints, % of service level agreements monitored, number of insurance programs offered, number of consulting and risk management services offered.

Download or purchase Financial Insurance Company Evaluation Balanced Scoreboard

Download a trial version of Financial Insurance Company Evaluation Balanced Scoreboard or purchase a full version online.

Free Example Template(s)

Use this example to create your own KPI scorecard using a cloud-based software.

Best practice articles

All articles about measuring performance in Finance.

Manage your KPIs, Strategy Maps, and Balanced Scorecards Online

Cloud-based Balanced Scorecard Software

The most shared articles on BSC Designer

Scorecard Templates for PowerPoint

FREE Graphical Balanced Scorecard (BSC) templates for your presentation

The most popular articles on BSC Designer

Copyright 2000-2017 AKS-Labs. All rights reserved.