WEBRISK NOW DISPLAYS KEY RISK INDICATORS
(Thomson Reuters ONE) -
New KRI module helps guide your risk and insurance management program
Effisoft has introduced a new Webrisk business intelligence module that defines
and displays key risk indicators (KRIs). The module is based on a suite of
state-of-the-art business intelligence tools recently added to Webrisk, the
industry-leading RMIS.
The new module helps risk professionals improve their performance, gain clarity
about their deliverables, and provide quick answers to questions from senior
executives.
"Displaying KRIs helps risk managers to do their jobs better," says Pascal
Stopnicki, co-founder of Effisoft. "Webrisk users can quickly and easily
identify emerging risks, measure the impact of their actions and determine the
savings achieved."
Clients can always additionally call on Effisoft's decision-support specialists.
They will help users define risk indicators appropriate to their company and
their activities. Depending on their needs, users can then access dynamic KRI
dashboards through Webrisk or independently develop their own reports.
Users can determine the most relevant KRIs, including:
-N/N-1 (year on year) comparisons: values, premiums, claims, and more
-Loss ratios: by country, activity.
-Distributions: losses by cause or consequence, premiums per insurer, insured
values by type of site.
-Claims statistics: by hour, day and month
-Rankings: The top-three insured sites, the most important claims, brokers most
in demand
-Progress: collections, premium invoicing, policy issuance, implementation of
recommendations
-Evolution curves: for claims settlement and claims notifications
Pascal confirms that many Webrisk clients are already reaping considerable
benefits from this enhanced functionality:
An optimised organisation: defining target indicators creates an opportunity to
formalize new working methods and apply management rules consistently. This
helps you avoid, for example, obtaining different results when calculating the
amount of premium per entity. (What are the exclusions? What exchange rates
apply?)
More flexibility: Webrisk users can now generate custom reports for themselves
without having to call their Effisoft contact to add filters or columns to a
table.
Better performance: teams that create new reports often do not have time to
study the results. Now, Webrisk users can realise significant time savings by
using reports that already exist and that are automatically updated. Users
simply select and run the report. This provides them with far more time for
analysis and to truly add value.
High-impact graphics: The use of graphics results in easier-to-understand
reports. For example, to follow the evolution of bonuses between fiscal year N
and N-1 by business unit, the manager almost always relies on a dynamic Excel
table. The table, which depends on the number of business units, can quickly
become illegible or unintelligible. In contrast, Webrisk generates a crystal-
clear bar chart. In meetings, you won't have to read a complex table. The
visuals make immediate sense and are easily interpretable by all.
Quick response to questions from executives: Have you ever received a last-
minute phone call from an executive asking you to justify premium increases in
certain countries? In the past such a request might have proved difficult.
Now, with the Webrisk BI module, you can easily:
-Compare countries with each other or in groups.
-Identify the activity or acquisition that generated the premium increase
-Use the drill-down function to identify the region, then the country and
finally the company that has the highest loss ratio, etc.
Source: http://www.effisoft.com/en/News/Webrisk/webrisk-now-displays-key-risk-
indicators.html
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EFFISOFT via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 13.03.2017 - 11:58 Uhr
Sprache: Deutsch
News-ID 529691
Anzahl Zeichen: 4637
contact information:
Town:
Paris
Kategorie:
Business News
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"WEBRISK NOW DISPLAYS KEY RISK INDICATORS"
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