Making informed decisions based on reliable data on technical insurance performance is a challenge for insurance decision makers. In health insurance, combined ratios are important to track on a regular basis to anticipate the issues to fix and make the optimal decisions. In a complex eco-system where health insurers work in partnership with medical providers, having a clear view of key performance indicators has become a must.

The Sophisticated Monitoring And Analysis of Risk Tool (SMAART) is particularly interesting as it has been the result of the collaborative development work by business and technology specialists in health policy administration system at MR HealthTech and reinsurance actuary experts from Munich Re.

This briefing note provides more information on this tool and how it can support health insurers decisions on a daily basis.