Data-Mining
There is a wealth of information in your company's computer system. Then it is nice if you are "in charge". You can set yourself which statistical update you want to see daily or weekly from now on!
Is this what you want? : " . . Set up data mining once and have the results on my desk daily at 12.15 from now on?"
It is not unusual for "the man on the floor" to know about disappointing results faster than management.
But also at other levels of an insurance company, adequate reliable information is essential for the healthy development of the business.
Such as:
Quote management:
How many quotes were issued this week/day. Is there an upward trend or is it declining.
What is the percentage of rejected quotations?
What is the percentage of quotes for which orders were obtained?
What is the extent of growth, expressed in money/currency.
Acceptance management
Acceptors should be able to keep an eye on whether the portfolio is developing as envisaged when an insurance product was introduced.
Recovery management
Those who lead the care of claims-management, must be equally comfortable with the current state of affairs.
It's nice if you can d.data-mining you can regularly check the current trends and the premium/claims statistics.
Transparency, in combination with self-sustanable way your insurance business efficient and sustainable way to make your insurance business a success.