Insurance companies offer risk management through insurance contracts, highlighting the growing concern for industry-specific, comprehensive, and reliable data management and presentation in the insurance sector. Among the various methods, the insurance dashboard is one of the most commonly used for data display.

Note: The report and dashboard examples in this article are all built-in templates made by FineReport, the leading BI reporting tool in the Asian-Pacific region.

1. What is the Insurance Dashboard?

Insurance dashboards, as one kind of digital dashboard, are using BI and analytics to provide essential insights to empower the insurance business. Insurance dashboards can collect and extract relevant data from multiple sources and display them on one screen. It helps agents and brokers track progress, and monitor incomes and expenses.

There are lots of benefits of insurance dashboards:

• Monitor claims and develop a smooth claim management process
• Analyze the risk and detect fraud 
• Access and control the costs
• Display historical data in a real-time manner
• Compare performance

Considering these, insurance dashboards are often used in business and come in different types, from predictive analysis, customer and claims analysis, marketing analysis, sales analysis, and organization management.

2. Types of the Insurance Dashboard

2.1 Insurance Claims Dashboard

The insurance claim dashboard helps organizations monitor the claim handling process and trends. This kind of dashboard reports the primary claim status and analyzes the process.

2.2 Insurance KPI Dashboard

An insurance KPI dashboard is to measure the performance and efficiency of insurance agents. These KPIs include contract rate, bind rate, retention rate, and so on. By using these Insurance KPIs and metrics business leaders can learn how to balance the risks and rewards that direct the future insurance business. 

2.3 Insurance Sales Dashboard

The insurance sales dashboard gives the leader a clear picture of key performance metrics. Most of them contain information on sales revenue and net income collected from different products.

3. Insurance Dashboard Software

Dashboard software helps insurance institutions build interactive dashboards to track the critical performance of different departments, different product lines, and different teams. Business people need a professional, simple, and flexible dashboard production tool to improve efficiency and reduce production costs.

To meet these requirements, the dashboard tool must meet at least the following requirements.

• Easy to Use

Easy-to-use tools can reduce the learning cost of users and are therefore more conducive to promotion in the organization, considering that not every employee in the company understands code. For example, the Excel-like interface and drag-and-drop mode make FineReport a powerful helper for most newbies.

• Allow Interactive Display

I have introduced some benefits of interactive reports. Now for the dashboard, it is mostly the same. Through parameter or data filtering, FineRport uses data tips, interactive highlighting, series interaction, online switch, coordinate scaling, and automatic refresh to realize interactive analysis.

• Allow Eye-Catching Visual Effect

You can easily track KPIs from multiple business systems on the big screen and TV dashboards through various graphs and charts and gain insight into these data after analysis. FineReport was born for the production of large-screen dashboards. There is no need to do additional customized development, and the cool management dashboards made by FineReport can be displayed on large screens or TV dashboards in various scenarios.

4. Conclusion of the Insurance Dashboard

This article introduces the types of dashboards commonly used in the insurance industry: claim dashboard, insurance KPI dashboard, and insurance sales dashboard. In addition, this article introduces a useful tool. FineReport has a variety of built-in templates, and you can produce cool insurance dashboards with simple operations. If you are interested, feel free to download and try it.