Challenge Summary
Welcome to "Cession Statements Report Design Concepts Challenge"!
In this challenge, we are looking to explore design concepts for a new Data Visualization Report that will be user-friendly by:
- using visuals (charts, diagrams, etc..)
- making proper use of space and layouts
- providing consistency across various formats of reports, and
- making smart use of colors
The improved design will allow us to send our customers a user-friendly report.
We are really excited to kick off this Design Concepts Challenge.
00 General
01 Product name -- Contact Name -- Company Name Company Name 2 - Company Name 1
02 Vehicle Cession Statement
- As a part of your checkpoint submission, you must upload your submission to MarvelApp so we can provide direct feedback on your designs.
- Make sure to include a URL/comment the link to your marvelapp while uploading your submission
- Make sure all pages have the correct flow! Use correct file numbering. (00, 01, 02, 03)
00 General
01 Product name -- Contact Name -- Company Name Company Name 2 - Company Name 1
02 Vehicle Cession Statement
03 GAP Session Statement
- As a part of your checkpoint submission, you must upload your submission to MarvelApp so we can provide direct feedback on your designs.
- Make sure to include a URL/comment the link to your marvelapp while uploading your submission
- Make sure all pages have the correct flow! Use correct file numbering. (00, 01, 02, 03)
The client of this challenge sends out monthly cession statements to their customers in the Auto Dealer space. Currently, these reports are not user-friendly and difficult to follow. So, we are looking for a solution from the topcoder design community in providing us design concepts for a Cession Report that are user-friendly
Glossary of Terms Meaning
To help you understand a few terms that were used across the spec
- Cession Statements: A periodic statement of subject premiums and the losses and expenses incurred under the reinsured policies, provided by the ceding company to a reinsurer.
- Reinsurer is an insurance company that insures the risks of other insurance companies.
- Cedant is an insurer who transfers all or part of a risk to a reinsurer. The reinsurer covers all the insurance policies coming within the scope of the reinsurance contract.
- IBNR: Incurred but not reported (IBNR) claims is the amount owed by an insurer to all valid claimants who have had a covered loss but have not yet reported it. Since the insurer knows neither how many of these losses have occurred, nor the severity of each loss, IBNR is necessarily an estimate
Design Considerations
- We are looking for a simple, easy-to-use, Informative, modern design.
- Try not to have too much information on your dashboard, you can make them compelling by making the visualization and enable users to walk through.
- Use color, visual comparison
- Have your designs of size: 1366 x 768px
- Branding is open to the designers
Required Dashboard Designs
We have shared sample reports that are in the current format and as you can see it doesn’t include any kind of visualizations, in the new design we are expecting to have visuals (charts, diagrams, etc..), should have a Key Summary and also please analyse the existing report and draw-out meaning & context.
These are essentially just visual reports - no interactions, think of it as a 'print-out ready' document or PDF presentation.
00 General:
Below are common information that needs to be shown in all reports
- Include a key summary
- Draw-out meaning & context and see where visuals can be added
- Every last page of the report is an indexed summary; containing data summation from each of the previous pages.
- Below information need to be included across all the 3 reports
~
Summary Page:
Include a summary page, so each of the report that you design will have a summary page and then the report (which could be either of the three reports that were mentioned “01, 02 or 03 below)
Below information can be put up on a page how you see fit, we are open to your thoughts
Counts:
- Show the contract counts for the below
- Regular Contract Count, Limited Warranty Contract Count, Cancelled Count, Claim Count
Premium Value (in $):
- Based on the counts, we show the premium value
- Written Premium, UPR Change, Earned Premium, Ceded Premium
Claims (in $):
- We show the claims for the below:
- Paid Claims + LAE (Loss adjusted expenses), IBNR (Incurred but not reported) Reserve Change, CICS Reserve Change, Incurred Claims and Loss Ratio
Other Important Key Info:
- Quota sharing (currently all 100% from examples 1 and 2, in the third example - Gap Session Statement - the quota is distributed across partners within a set group, totaling 100% for each company)
- Premium / Claim: Dollar Amount
- Drill down: Ceded Claims, Ceded Fees, Current Premium/taxes loss ratio
- Cession Fee, Quota Share. Current Premium Tax/Fees, Ceded Liability
- Contracts Info & Status
-
01 Product name -- Contact Name -- Company Name Company Name 2 - Company Name 5
Refer Cession Report Example.pdf
- This report contains information about three distinctive companies; their finances currently just as individual summaries.
- A progress report generated to help recipients know their premiums, keep track of profits and general finances - typically used as a comparative guide to gauge the performances of the listed companies (3 - 10, in this case)
- Need to show the contract termination date in the report (for ex: Dates for this dealer effective termination 10/1/2015 currently in effect)
-
02 Vehicle Cession Statement:
Refer Cession Report Example 2.pdf
- This report is the same as above but with a focus on more data columns
- Need to show the contract termination date in the report (for ex: Dates for this dealer effective termination 10/1/2015 currently in effect)
-
03 GAP Session Statement:
Refer Cession Report Example 3.pdf
- This is the same as the first report, the main difference being the Quota Shares with a percentage % split across various Partners
- This need to include an additional row in addition to those mentioned in the general “Cash to Reinsurer”
Important:
- Keep things consistent. This means all graphics styles should work together.
- All of the graphics should have a similar feel and general aesthetic appearance.
- Focus on user-friendly reports
MarvelApp Prototype
- We need you to upload your screens to the Marvel App
- Please send your Marvel app request to csystic@gmail.com (Challenge Copilot)
- You MUST include your Marvel app URL in notes /comments while uploading (in your marvel app prototype, click on share and then copy the link & share it within your notes while you upload).
Target Audience
- Reinsurers
Judging Criteria
- How well you plan the user experience and capture your ideas visually.
- Cleanliness of your graphics and design.
- Overall design, UI and user experience.
- Consistency across the UX/UI
Submission & Source Files
Preview Image
Please create your preview image as one (1) 1024x1024px JPG or PNG file in RGB color mode at 72dpi and place a screenshot of your submission within it.
Submission File
- Submit JPG/PNG for your submission files
- Submit Marvelapp as part of your submission.
Source Files
All original source files of the submitted design. Files should be created in Adobe Photoshop, Illustrator, XD, or Sketch!
Final Fixes
As part of the final fixes phase, you may be asked to modify your graphics (sizes or colors) or modify overall colors. We may ask you to update your design or graphics based on checkpoint feedback.
In this challenge, we are looking to explore design concepts for a new Data Visualization Report that will be user-friendly by:
- using visuals (charts, diagrams, etc..)
- making proper use of space and layouts
- providing consistency across various formats of reports, and
- making smart use of colors
The improved design will allow us to send our customers a user-friendly report.
We are really excited to kick off this Design Concepts Challenge.
Round 1
Submit your initial designs for a checkpoint feedback00 General
01 Product name -- Contact Name -- Company Name Company Name 2 - Company Name 1
02 Vehicle Cession Statement
- As a part of your checkpoint submission, you must upload your submission to MarvelApp so we can provide direct feedback on your designs.
- Make sure to include a URL/comment the link to your marvelapp while uploading your submission
- Make sure all pages have the correct flow! Use correct file numbering. (00, 01, 02, 03)
Round 2
Submit your final designs with all checkpoint feedback implemented.00 General
01 Product name -- Contact Name -- Company Name Company Name 2 - Company Name 1
02 Vehicle Cession Statement
03 GAP Session Statement
- As a part of your checkpoint submission, you must upload your submission to MarvelApp so we can provide direct feedback on your designs.
- Make sure to include a URL/comment the link to your marvelapp while uploading your submission
- Make sure all pages have the correct flow! Use correct file numbering. (00, 01, 02, 03)
The client of this challenge sends out monthly cession statements to their customers in the Auto Dealer space. Currently, these reports are not user-friendly and difficult to follow. So, we are looking for a solution from the topcoder design community in providing us design concepts for a Cession Report that are user-friendly
Glossary of Terms Meaning
To help you understand a few terms that were used across the spec
- Cession Statements: A periodic statement of subject premiums and the losses and expenses incurred under the reinsured policies, provided by the ceding company to a reinsurer.
- Reinsurer is an insurance company that insures the risks of other insurance companies.
- Cedant is an insurer who transfers all or part of a risk to a reinsurer. The reinsurer covers all the insurance policies coming within the scope of the reinsurance contract.
- IBNR: Incurred but not reported (IBNR) claims is the amount owed by an insurer to all valid claimants who have had a covered loss but have not yet reported it. Since the insurer knows neither how many of these losses have occurred, nor the severity of each loss, IBNR is necessarily an estimate
Design Considerations
- We are looking for a simple, easy-to-use, Informative, modern design.
- Try not to have too much information on your dashboard, you can make them compelling by making the visualization and enable users to walk through.
- Use color, visual comparison
- Have your designs of size: 1366 x 768px
- Branding is open to the designers
Required Dashboard Designs
We have shared sample reports that are in the current format and as you can see it doesn’t include any kind of visualizations, in the new design we are expecting to have visuals (charts, diagrams, etc..), should have a Key Summary and also please analyse the existing report and draw-out meaning & context.
These are essentially just visual reports - no interactions, think of it as a 'print-out ready' document or PDF presentation.
00 General:
Below are common information that needs to be shown in all reports
- Include a key summary
- Draw-out meaning & context and see where visuals can be added
- Every last page of the report is an indexed summary; containing data summation from each of the previous pages.
- Below information need to be included across all the 3 reports
~
Summary Page:
Include a summary page, so each of the report that you design will have a summary page and then the report (which could be either of the three reports that were mentioned “01, 02 or 03 below)
Below information can be put up on a page how you see fit, we are open to your thoughts
Counts:
- Show the contract counts for the below
- Regular Contract Count, Limited Warranty Contract Count, Cancelled Count, Claim Count
Premium Value (in $):
- Based on the counts, we show the premium value
- Written Premium, UPR Change, Earned Premium, Ceded Premium
Claims (in $):
- We show the claims for the below:
- Paid Claims + LAE (Loss adjusted expenses), IBNR (Incurred but not reported) Reserve Change, CICS Reserve Change, Incurred Claims and Loss Ratio
Other Important Key Info:
- Quota sharing (currently all 100% from examples 1 and 2, in the third example - Gap Session Statement - the quota is distributed across partners within a set group, totaling 100% for each company)
- Premium / Claim: Dollar Amount
- Drill down: Ceded Claims, Ceded Fees, Current Premium/taxes loss ratio
- Cession Fee, Quota Share. Current Premium Tax/Fees, Ceded Liability
- Contracts Info & Status
-
01 Product name -- Contact Name -- Company Name Company Name 2 - Company Name 5
Refer Cession Report Example.pdf
- This report contains information about three distinctive companies; their finances currently just as individual summaries.
- A progress report generated to help recipients know their premiums, keep track of profits and general finances - typically used as a comparative guide to gauge the performances of the listed companies (3 - 10, in this case)
- Need to show the contract termination date in the report (for ex: Dates for this dealer effective termination 10/1/2015 currently in effect)
-
02 Vehicle Cession Statement:
Refer Cession Report Example 2.pdf
- This report is the same as above but with a focus on more data columns
- Need to show the contract termination date in the report (for ex: Dates for this dealer effective termination 10/1/2015 currently in effect)
-
03 GAP Session Statement:
Refer Cession Report Example 3.pdf
- This is the same as the first report, the main difference being the Quota Shares with a percentage % split across various Partners
- This need to include an additional row in addition to those mentioned in the general “Cash to Reinsurer”
Important:
- Keep things consistent. This means all graphics styles should work together.
- All of the graphics should have a similar feel and general aesthetic appearance.
- Focus on user-friendly reports
MarvelApp Prototype
- We need you to upload your screens to the Marvel App
- Please send your Marvel app request to csystic@gmail.com (Challenge Copilot)
- You MUST include your Marvel app URL in notes /comments while uploading (in your marvel app prototype, click on share and then copy the link & share it within your notes while you upload).
Target Audience
- Reinsurers
Judging Criteria
- How well you plan the user experience and capture your ideas visually.
- Cleanliness of your graphics and design.
- Overall design, UI and user experience.
- Consistency across the UX/UI
Submission & Source Files
Preview Image
Please create your preview image as one (1) 1024x1024px JPG or PNG file in RGB color mode at 72dpi and place a screenshot of your submission within it.
Submission File
- Submit JPG/PNG for your submission files
- Submit Marvelapp as part of your submission.
Source Files
All original source files of the submitted design. Files should be created in Adobe Photoshop, Illustrator, XD, or Sketch!
Final Fixes
As part of the final fixes phase, you may be asked to modify your graphics (sizes or colors) or modify overall colors. We may ask you to update your design or graphics based on checkpoint feedback.
Please read the challenge specification carefully and watch the forums for any questions or feedback concerning this challenge. It is important that you monitor any updates provided by the client or Studio Admins in the forums. Please post any questions you might have for the client in the forums.