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==== NFIP Flood Insurance Coverage Insights: ====
== Operations Reports ==
{| class="wikitable"
!Report Name
!Description
|-
|Self Evaluation Performance Tracking
|Tracks individual agent or team member performance metrics.
|-
|Team Performance Tracking
|Measures team-wide productivity and effectiveness.
|-
|Commission Activity
|Details commission transactions and activities per agent or team.
|-
|High-level View
|Summarizes overall operations metrics, potentially as a dashboard.
|-
|Commission Statement
|Provides detailed statements of commissions earned by agents.
|}


# '''Coverage Limits:''' Did you know NFIP policies have a maximum dwelling coverage of $250,000 for residential properties, but coverage for contents is optional?
== Applications Reports ==
# '''Basement Coverage:''' Did you know NFIP provides limited coverage for basements, excluding personal property like furniture?
{| class="wikitable"
# '''Detached Structures:''' Did you know detached garages are covered for up to 10% of the building's coverage—but only if they aren't used for business?
|Report Name
# '''Policy Corrections:''' Did you know you can endorse an NFIP policy to correct an insured name or other details without canceling the policy?
|Description
# '''Community Rating System:''' Did you know NFIP premiums can be reduced if your community participates in FEMA's Community Rating System (CRS)?
|-
# '''Buildings Over Water:''' Did you know buildings constructed fully over water after October 1, 1982, are generally ineligible for NFIP coverage?
|Agency Quotes Apps New Business
|Lists and tracks new business applications and quotes by agencies.
|-
|New Business Processing Timeline
|Tracks the processing time for new business applications.
|}


==== Equinox Platform Highlights: ====
== Premium Reports ==
{| class="wikitable"
|Report Name
|Description
|-
|Cancellation Processing Timeliness
|Measures efficiency in processing policy cancellations.
|-
|Daily New Business Policies by Policy Type
|Tracks daily new policy issuance categorized by policy type.
|-
|Endorsement Processing Timeliness
|Tracks timeliness of processing policy endorsements.
|-
|Daily Written Premium Report by Policy Type
|Summarizes premiums written daily, organized by policy type.
|-
|Days to Renewal
|Tracks days remaining until policy renewal.
|-
|Earned Premium Detail by Month
|Provides a detailed breakdown of earned premiums on a monthly basis.
|-
|Earned Premium by Month
|Summarizes earned premiums month-over-month.
|-
|Snapshot Report
|A high-level snapshot of policies and premiums at a given time.
|-
|Expired Policies
|Lists policies that have expired within a defined timeframe.
|-
|Policy Cancellations
|Tracks canceled policies and associated details.
|-
|Policy Ops Master
|Consolidates operational details for policies.
|-
|Renewal Retention
|Measures policyholder retention during renewal periods.
|-
|Renewal Processing
|Tracks efficiency and status of renewal processing.
|-
|Policies and Premiums in Force
|Displays currently active policies and their premiums.
|-
|Written Premium And Fee Transaction Detail
|Provides detailed records of written premiums and associated fees.
|-
|Agency Policy Expirations
|Lists policies nearing expiration for each agency.
|-
|Agency Policies and Premiums in Force
|Tracks active policies and premiums at the agency level.
|-
|Agency Written Premium
|Details premiums written by each agency.
|-
|Agency Score Card
|Scores and evaluates agency performance based on predefined metrics.
|-
|Agency PIF Retention
|Tracks the retention rate of policies in force for each agency.
|-
|Surplus Lines Tax And Fee Transaction Detail
|Records tax and fee transactions for surplus lines policies.
|-
|Written Premium Compare
|Compares premiums written across defined periods or categories.
|}


# '''Green Path Automation:''' Did you know Equinox can auto-issue flood policies through its Green Path feature, minimizing manual review for agents?
== Claims Reports ==
# '''Role-Specific Dashboards:''' Did you know Equinox provides customized dashboards for agents, underwriters, and claims examiners to streamline tasks?
{| class="wikitable"
# '''Consumer Portal:''' Did you know policyholders can use the Equinox Consumer Portal to download their policy documents and make payments?
|Report Name
# '''Quick Policy Actions:''' Did you know agents can instantly add mortgagees or additional interests to policies in the Agent Workspace?
|Description
# '''Document Storage:''' Did you know all uploaded documents in Equinox are indexed and easily searchable, saving you time during claims or audits?
|-
# '''Historical Comparisons:''' Did you know Equinox Reports allow you to compare current policy data with past periods for better trend analysis?
|Policy Coverage Claims Special
 
|Tracks special claims associated with specific policy coverages.
==== Fun or Overlooked Facts: ====
|-
 
|Claim Flood Polling
# '''Flood Zones:''' Did you know over 20% of NFIP claims come from properties outside high-risk flood zones?
|Monitors claims related to flooding events.
# '''Preferred Risk Policies:''' Did you know properties in low-to-moderate risk zones may qualify for lower-cost Preferred Risk Policies?
|-
# '''Underwriting Reminders:''' Did you know Equinox's "Yellow Path" triggers an underwriter review whenever policy details seem unusual?
|Claim Loss
# '''Building Below Ground:''' Did you know NFIP defines a building as "below ground" if more than 50% of its structure is below grade on all sides?
|Records financial losses associated with claims.
 
|-
==== Agent Tips: ====
|Claims Loss Ratio
 
|Compares claims losses to premiums collected, a key insurance metric.
# '''Cancellation Process:''' Did you know Equinox provides guided steps for processing NFIP policy cancellations, including eligible refund codes?
|-
# '''Pre-FIRM Subsidies:''' Did you know NFIP offers subsidized rates for pre-FIRM buildings, but premium increases are capped annually?
|Claims Payments
# '''Quote Validity:''' Did you know Equinox tracks quote expiration dates, helping agents follow up before policies lapse?
|Tracks payments made for claims.
|-
|Claims Activity by Month
|Summarizes claims activity on a monthly basis.
|-
|Claim Ops Master
|Provides an overview of operational details for claims processing.
|-
|Closed Claims
|Lists claims that have been resolved and closed.
|-
|Claims Reported
|Tracks all reported claims, open or closed.
|-
|Claim Reserve Month End
|Details reserved amounts for claims as of the month-end.
|}

Revision as of 15:38, 16 December 2024

Operations Reports

Report Name Description
Self Evaluation Performance Tracking Tracks individual agent or team member performance metrics.
Team Performance Tracking Measures team-wide productivity and effectiveness.
Commission Activity Details commission transactions and activities per agent or team.
High-level View Summarizes overall operations metrics, potentially as a dashboard.
Commission Statement Provides detailed statements of commissions earned by agents.

Applications Reports

Report Name Description
Agency Quotes Apps New Business Lists and tracks new business applications and quotes by agencies.
New Business Processing Timeline Tracks the processing time for new business applications.

Premium Reports

Report Name Description
Cancellation Processing Timeliness Measures efficiency in processing policy cancellations.
Daily New Business Policies by Policy Type Tracks daily new policy issuance categorized by policy type.
Endorsement Processing Timeliness Tracks timeliness of processing policy endorsements.
Daily Written Premium Report by Policy Type Summarizes premiums written daily, organized by policy type.
Days to Renewal Tracks days remaining until policy renewal.
Earned Premium Detail by Month Provides a detailed breakdown of earned premiums on a monthly basis.
Earned Premium by Month Summarizes earned premiums month-over-month.
Snapshot Report A high-level snapshot of policies and premiums at a given time.
Expired Policies Lists policies that have expired within a defined timeframe.
Policy Cancellations Tracks canceled policies and associated details.
Policy Ops Master Consolidates operational details for policies.
Renewal Retention Measures policyholder retention during renewal periods.
Renewal Processing Tracks efficiency and status of renewal processing.
Policies and Premiums in Force Displays currently active policies and their premiums.
Written Premium And Fee Transaction Detail Provides detailed records of written premiums and associated fees.
Agency Policy Expirations Lists policies nearing expiration for each agency.
Agency Policies and Premiums in Force Tracks active policies and premiums at the agency level.
Agency Written Premium Details premiums written by each agency.
Agency Score Card Scores and evaluates agency performance based on predefined metrics.
Agency PIF Retention Tracks the retention rate of policies in force for each agency.
Surplus Lines Tax And Fee Transaction Detail Records tax and fee transactions for surplus lines policies.
Written Premium Compare Compares premiums written across defined periods or categories.

Claims Reports

Report Name Description
Policy Coverage Claims Special Tracks special claims associated with specific policy coverages.
Claim Flood Polling Monitors claims related to flooding events.
Claim Loss Records financial losses associated with claims.
Claims Loss Ratio Compares claims losses to premiums collected, a key insurance metric.
Claims Payments Tracks payments made for claims.
Claims Activity by Month Summarizes claims activity on a monthly basis.
Claim Ops Master Provides an overview of operational details for claims processing.
Closed Claims Lists claims that have been resolved and closed.
Claims Reported Tracks all reported claims, open or closed.
Claim Reserve Month End Details reserved amounts for claims as of the month-end.
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