Claims Dashboards are considered operational analysis tools and are used by Claims Managers and Executives to KPIs and trends related to claims metrics. Some of the main functionality in this type of dashboard is that it provides analysis from nine different perspectives:
• Total claims and claims amount based on the selected time parameters, • Claims by product line, • Average days claims are open per policy, • Claims payout versus denied claims with monthly trends, • Average claim amount per policy type, • Claim status analysis, • Claim amount comparison with monthly trends, • Claims expense by product line, and • Assured amount by policy type.