Insights from The Lab

Business Intelligence in Insurance

Category: Business Intelligence in Insurance

By The Lab Consulting Business Intelligence in Insurance Insurance Standardization

Life Insurance Carriers KPI Handbook from The Lab

This catalog contains over 300 KPIs. But which ones are the “Super KPIs” for your company? Key performance indicators (KPIs) are essential for monitoring, managing, and profitably growing your organization. Yet there are lots of life insurance KPIs. This catalog, compiled by The Lab, contains more than 300. That certainly seems overwhelming. Where do you …

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Advanced Analytics for Insurance P&C Claims: What can a Google map tell you with your operations data?

Answer: Tons more than you might think! You’ve probably heard a lot about business-intelligence, or BI, analytics. It’s also known as “advanced analytics” or simply “dashboards.” If you work in insurance, specifically property-and-casualty (P&C) claims, you need to know all about BI analytics. Whatever you’ve heard about BI analytics for P&C claims, it pales compared …

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How to reduce insurance claims leakage—and the loss ratio—via standardization, business intelligence, and robotic process automation (RPA)

  This is part 1 of a 4-part-series. Find the other parts here:   Part 2: Crush Policyholder Services Costs & Turbocharge Customer Experience    Part 3a: Digitization For Insurance Companies: Reduce Operating Cost and Multiply Effectiveness With RPA    Part 3b: Slash P&C Insurance Costs & Multiply Effectiveness With RPA     Minimizing claims leakage, defining the solution, …

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Improvements from Start-to-Finish

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