- Easy-to-read graphics for quick monitoring.
- Most insurance company KPI’s built into our BI content and data models.
- KPI’s for all P&C lines of business.
- Flexible BI content and models to add KPI’s as needed.
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In a recent survey by CFO Research Services, only 24% of surveyed insurance companies were satisfied available metrics for key business drivers.
This is pushing insurance companies to find better ways to upgrade their performance management capabilities.
Performance management allows a company to define, monitor and manage strategic business metrics that are critical to business success for each functional area.
Millbrook enables a insurance companies to use performance management to define corporate goals and objectives through key performance indicators and alerts.
KPIs are targeted values that are tied to the strategic objectives that impact business growth. Typical examples for KPIs include:
- Loss ratio
- Claim cycle time
- Retention rate
- Sales per producer
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