An important feature in the Claims Manager Dashboard: the Loss Triangle visualization. This tool is essential for evaluating the evolution of claims over time, providing actuaries and analysts with a powerful resource for forecasting future claims liabilities.
Key Features:
- Triangular Data Organization: Organizes claim data into a triangular format, enhancing the predictive analysis of future claims liabilities.
- Versatile Data Filtering: Offers flexible filters at the top of the dashboard to tailor the visualization to your needs. You can adjust the triangle based on:
- Loss Date or Incurred Date: Choose the basis for the triangle's timeframe.
- Line of Business and Policy Type: Tailor the visualization to specific segments of your business.
- Catastrophic vs Non-Catastrophic Losses: Filter the data to focus on specific types of claims.
- Additional Filters: Utilize various other data manipulations to refine your analysis.
This new visualization tool is designed to enhance your analytical capabilities, enabling a more accurate and nuanced understanding of claims development over time. We believe this addition will significantly contribute to your strategic planning and decision-making processes.
Fig 1: Loss Triangle
How to Use
Invoke claims manager dashboard. Select filter options and view the loss triangle.