Data Visualization: A Critical Tool for Efficient Data Analysis and Management Reporting Joseph E. Kirsits, FCAS, MAAA Senior Vice President GPW & Associates, Inc.
Outline Why use Data Visualization? Suggested data to capture to maximize utility Examples
Why Use Data Visualization? Data Visualization is an extremely powerful and flexible tool that can provide value to your whole organization, from data analysts to executives.
Ex. 1: Shift in Starting Odometer
Uses for Data Visualization Data discovery and diagnostics – “Drill down” into data to determine the drivers of trends or unusual data points Management Reporting – Prepare visual reports that explain the state of your book of business in far more meaningful ways than standardized tables of numbers
Suggested Data to Capture Exposures – Term – Important Dates – New/Used – Plan/Coverage Code – Make/Model/Year – Sales Channel – Producer/Dealer – Territory (State/Zip) – Starting Odometer Claims – Important Dates – Component Code Parts Labor Shipping Deductible – Part/Failure Code Vehicles Heating/Cooling Electronics/Appliances
Uses for Data Visualization Data discovery and diagnostics – “Drill down” into data to determine the drivers of trends or unusual data points Management Reporting – Prepare visual reports that explain the state of your book of business in far more meaningful ways than standardized tables of numbers
Ex. 2: Geographic Analysis
Ex. 2: Geographic Analysis – Dealer Status
Ex. 2: Geographic Analysis (Updated)
Uses for Data Visualization Data discovery and diagnostics – “Drill down” into data to determine the drivers of trends or unusual data points Management Reporting – Prepare visual reports that explain the state of your book of business in far more meaningful ways than standardized tables of numbers
Ex. 3: Management Reporting
Ex. 4: Filtered Management Reporting
Thank You! Joseph E. Kirsits, FCAS, MAAA Senior Vice President GPW & Associates, Inc.