Loss Ratio
Claims and claim handling costs as a share of premiums earned.
Insurance KPIs: loss ratio, expense ratio, combined ratio, retention, claims cycle time, quote to bind and premium growth.
Claims and claim handling costs as a share of premiums earned.
Costs of acquiring and running policies as a share of premium.
Loss ratio plus expense ratio: what the insurer pays out for every unit of premium.
How much premium written grew against the same period last year.
The share of policies up for renewal that renewed.
The number of claims for every 100 policies (or exposure units) in a year.
The average cost of a claim.
How long it takes from a claim being reported to it being settled.
The share of claimants satisfied with how their claim was handled.
The share of quotes that become policies.
The share of claims referred for fraud review that turned out to be fraudulent.
Eligible capital as a share of the capital the regulator requires.