Anaplan for Insurance
Deliver highly effective digital transformation and drive value for growth and profitability
Connected Planning in Insurance
The new reality in Insurance
Anaplan IFRS17 solution by Deloitte
Key features include:
Determines eligibility of different products for the simplified PAA approach on ongoing basis
Support General Insurance, Life Insurance regulatory requirements.
Real-time calculations and reporting for both PAA and BBA approaches
Full end to end traceability from Policy level through to Unit of Account, up to Financial Statements
Sophisticated sensitivity analysis capabilities to stress test the model and assess the impact of changes at policy and UOA level
Generate journals postings automatically
Highly scalable and all in the cloud
The future in Insurance
To be successful, insurance ecosystem players will need to continually re-think their business and operating models, transform routes to market, provide a more holistic, integrated omnichannel experience, while creating and cross-selling products that are relevant to customer needs. Anaplan’s ability to connect planning, modeling and results across operational and financial groups is uniquely suited to help firms keep a sharply honed expense posture, while positioning firms for growth and innovation and ensuring compliance with local and global regulations such as IFRS 17.
Featured solutions for Insurance
Overlays product portfolio profitability with forecast and actual channel performance, empowering distribution leaders to have better insight into channel partner performance and increased agility for sales effectiveness.
Integrates omnichannel service capability forecasting and planning with customer channel behavior to forecast required human and digital capacity with measurable first contact resolution.
Helps finance, actuarial, and risk management teams move away from siloed architectures and collaborate across a single platform not only designed to comply with IFRS17, but also steer performance across the enterprise.
Allows firms to budget at the individual cost category level to determine resources various business units require. Anaplan’s digital platform makes ZBB a more realistic option than paper or legacy based budgeting systems.
The Connected Planning difference
Deliver driver-based forecasting, reflecting, in real-time, the impact of a change to driver-assumptions on the future growth and profitability of the firm.
Provide distribution, product, services finance, actuarial, risk, and data management teams with a collaborative platform linking financial and operational planning.
Optimize staffing needs of the underwriting, customer services, and claims operation teams by continuously monitoring the right level of human capacity required under various scenarios and assumptions.