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Policy Management Applications

Carrier, MGA, MGU TPA, self-insured and insurance pool stakeholders must monitor a wide range of policy metrics to stay on top of their game. Ready access to key policy measures is essential to ensuring optimal program performance in every line of business. To understand their return rates and their exposures, they need timely answers to questions such as:

  • How much coverage do we have?
  • What is our total insured value?
  • How many policies have we written?
  • How much has been claimed against our policies?
  • What is our loss ratio right now?


Proactively & Efficiently Manage Risk

Delivering timely policy and business metrics derived from all available data sources, PureShare® ClaimsMetrics allows all insurance stakeholders to:

  • Monitor risk across the organization and at any level of detail required. Executives get a high-level view of exposure while managers can drill down to investigate what’s driving that status – right down to the performance of individual departments, locations, cost centers, regions and customers. 
  • Continually monitor key metrics to get answers that facilitate excellent decision making in all aspects of policy management, across all lines of business.
  • Leverage the ability to establish benchmarks across communities of interest by industry or specialty area. 
  • Provide the means to automatically publish key measures in the context of client, customer or department-specific targets and objectives.
  • Eliminate manually created reports and the tasks associated with requesting, assembling, analyzing, manipulating and managing spreadsheets and slide-ware.



Policy Management Benefits

ClaimsMetrics provides these benefits for Policy Management:

  • Industry-specific pre-packaged best practice metrics to enable proactive, client-centric policy management.
  • Fully automate collection and consolidation of data from carriers, TPAs, multiple Risk Management Information Systems (RMIS) and other data sources. This eliminates latency in reporting, enabling stakeholders to respond to trends and leading indicators of exposure.
  • Specific views of metrics tailored to customers, departments, locations and/or business-specific interests, making the product ideal for Carriers, Brokers, MGAs, MGUs, TPAs, Pools and Self-Insureds.