In the intricate world of insurance, claims play a pivotal role in delivering the financial protection policyholders seek. However, the process of settling claims involves various actions and decisions that insurers must make. To gain deeper insights into the claims landscape, insurance companies use Claims Movement Ratios, which provide a clear picture of the actions […]
Insurance claims are an integral aspect of the insurance industry, representing the crucial moment when policyholders seek the financial protection they’ve invested in. To gain insight into the dynamics of insurance claims, insurers employ various metrics to track and analyze these transactions. In this blog post, we explore the key terms related to quarterly insurance […]
Kenya, a country of breathtaking landscapes and vibrant cultures, is also home to a dynamic and bustling road network. While these roads serve as arteries connecting communities and facilitating economic growth, they also witness a darker side – road accidents. In this blog post, we delve into the data from 2018 to 2022, shedding light […]
The quarterly claims movements indicate the actions taken during the quarter which comprises of the following: The number of claims outstanding at the end of the quarter result from the above movements and are computed as:
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