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Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium.


KPIs in ‘Insurance’

Average insurance policy size

Average insurance policy size of policies closed within measurement period.

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This KPI is most used for:
Operational Excellence

Loss Ratio (%)

The ratio of claims to premiums. It may be calculated in several different ways, using paid premiums or earned premiums, and using paid claims with ...

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This KPI is most used for:
Operational Excellence

Claims solvency (%)

Insurance companies’ ability to pay the claims of policyholders.

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This KPI is most used for:
Operational Excellence

% overdue claims

Percentage of overdue claims.

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This KPI is most used for:
Operational Excellence
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