Page 176 - Ebook health insurance IC27

The Insurance Times

 IIB has created a data warehouse which will enable insurers and other stakeholders
to have easy access to validated data.

 Users will be provided specific levels of permissions to use this data.

Data interpretation

Analysis of data can be performed on various parameters and at different levels of
complexity. Data can be interpreted on various parameters as below:-

Parameters What is the use of analysis

Written premium - l Show number of people covered

Premium received by an l Premium received by underwriting offices

insurer in a particular period l Identify average premium in group and individual

policy.

l Help the insurer to focus on sales and marketing

efforts.

l Help the underwriter to monitor the result of

actions taken by underwriting offices

Earned premiums -the l Help in the segmentation of earned premium and
premium earned by the written premium
insurer for the risk period
l Helps to match premium earned and claims
incurred in the same period and

l Calculate unearned premium reserve
l Helps to analyse various products via a loss ratios

Age distribution-the number l Calculate percentage share of different categories

of people covered in of policyholders

different age bands l Understand customer profile changes

l Understand demographics of people and risk

profile

180 Guide for Health Insurance