Metrics & KPIsCredit Control - Outstanding ratio
Definition
Sum of uncollected premiums (at end of considered period) divided by rolling total of GWP over last 12 months. Age based figures are use full 1. Outstanding ratio : Consider all outstandings ( due date crossed without considering grace period) 2. Overdue ratio : Consider all outstandings considering grace period 3. Over X Month : X can be 6 , 8 , 12 etc (based on business need). Here the collection is outstanding for last X Months
Tags
overdue