OKR template to lower overall claims ratio to 71%
Your OKR template
Another strategic move is to implement a rigorous quality control review process, anticipated to result in a 10% decrease in errors. To achieve this, staff should undergo training to consistently apply these standards, develop rigorous standards for testing and evaluation, and regular monitoring and assessment of error rates.
The OKR also seeks to jump the claim audits by 20% to ensure accuracy and reduction of false claims. Some initiatives to support this implementation include evaluating current auditing procedures for efficiency, training employees on improved audit strategies, and weekly progress monitoring to keep track of improvements.
In essence, the OKR is aimed at enhancing practices, implementing strict control procedures, and increasing audits. All these measures are expected to reduce the claims ratio, decrease errors, ensure accuracy, and reduce false claims.
ObjectiveLower overall claims ratio to 71%
KREnhance underwriting practices to reduce high-risk policy underwriting by 15%
Regularly review and update underwriting guidelines to minimize risk- Implement comprehensive risk assessment tools during the underwriting process
- Provide specialized risk management training for underwriters
- KRImplement a strict quality control review process resulting in a 10% decrease in errors
- Train staff in these standards for consistent application
- Develop rigorous standards for testing and product evaluation
- Regularly monitor and assess error rates
- KRIncrease claim audits by 20% to ensure accuracy and reduction of false claims
- Assess current auditing procedures for efficiency
- Train employees on improved audit strategies
- Implement weekly progress monitoring
How to edit and track OKRs with Tability
You'll probably want to edit the examples in this post, and Tability is the perfect tool for it.
Tability is an AI-powered platform that helps teams set better goals, monitor execution, and get help to achieve their objectives faster.
With Tability you can:
- Use AI to draft a complete set of OKRs in seconds
- Connect your OKRs and team goals to your project
- Automate reporting with integrations and built-in dashboard
Instead of having to copy the content of the OKR examples in a doc or spreadsheet, you can use Tability’s magic importer to start using any of the examples in this page.
The import process can be done in seconds, allowing you to edit OKRs directly in a platform that knows how to manage and track goals.
Step 1. Sign up for a free Tability account
Go tohttps://tability.app/signup and create your account (it's free!)
Step 2. Create a plan
Follow the steps after your onboarding to create your first plan, you should get to a page that looks like the picture below.
Step 3. Use the magic importer
Click on Use magic import to open up the Magic Import modal.
Now, go back to the OKR examples, and click on Copy on the example that you’d like to use.
Paste the content in the text import section. Don’t worry about the formatting, Tability’s AI will be able to parse it!
Now, just click on Import from text and let the magic happen.
Once your example is in the plan editor, you will be able to:
- Edit the objectives, key results, and tasks
- Click on the target 0 → 100% to set better target
- Use the tips and the AI to refine your goals
Step 4. Publish your plan
Once you’re done editing, you can publish your plan to switch to the goal-tracking mode.
From there you will have access to all the features that will help you and your team save hours with OKR reporting.
- 10+ built-in dashboards to visualise progress on your goals
- Weekly reminders, data connectors, and smart notifications
- 9 views to map OKRs to strategic projects
- Strategy map to align teams at scale