Among others, analytical charts and detailed reports in our claims section provide:
- Detailed claims information by product, broker, customer segment, status etc.,
- The cause of claim and what percentage each classification represents.
- Geographical spread of claims using google map along with detailed information
- Reserves, payments, recoveries, outstanding, net position etc.
Filters are included to narrow down the list by claim year, month, status,
broker etc. Claim Movement
reports are included to show year end
and month end position of claim values such as reserves, payments, recoveries and
net incurred values during the period and up to the end date of the reporting period.
Loss ratio reports
are included showing loss ratios across the whole book
and across individual year of account down to a particular product. Triangulation reports
using annual and quarterly accumulated claims data to forecast future claim amounts
and numbers are included. The reports utilise chain-ladder method to work out the
development factors and compute claim reserve estimates.