
🛡️ Insurance · Sankey
Where each unit of insurance premium goes: claims, commissions, operating costs, reinsurance and profit.
Drawing diagram…
Sankey diagram of how 100 units of gross written premium are used by an insurer: claims paid, commission to agents, bancassurance and online channels, operating expenses, reinsurance premium ceded, and underwriting profit.
sankey-beta Gross Premium,Claims,62 Gross Premium,Distribution,14 Gross Premium,Operating Costs,11 Gross Premium,Reinsurance Ceded,9 Gross Premium,Underwriting Profit,4 Distribution,Agents,7 Distribution,Bancassurance,5 Distribution,Online,2
The states of an insurance claim from first notice of loss to payment or closure, including investigation and appeals.
The core system of an insurer: quoting, underwriting, policy issue, billing and claims, used by customers, agents and underwriters.
How a life or health insurance proposal is underwritten: automated rules, medical tests where needed, and the underwriter's decision.
How a customer buys motor insurance online: quote, add-ons, vehicle and previous-policy checks, payment and instant policy issue.
A relational schema for an insurer: customers, policies, coverages, insured objects, premiums, claims and payments.
How an insurer scores incoming claims for fraud: data enrichment, rules, an ML model and a special investigation unit queue.