Delivering Performance Management Solutions for the Insurance Industry Faster
Specifically for Insurance and Reinsurance companies, the Prolifics Performance Management solution is based on years of experience in the industry. It addresses the requirements to integrate and align Premiums and Claims plans with Actuarial Estimates, model Acquisition Costs, and define how much risk to cede and assume—in addition to many other factors—which make performance management processes within the Insurance industry unique.
Features and Benefits
For Insurance companies looking for a planning and performance management solution, why start from scratch? By leveraging Prolifics’ pre-configured accelerator, Insurance companies can more quickly implement a solution that is comprised of a pre-configured model and best practices for:
Acquisition costs modeling
Operating and Underwriting expense planning
Consolidated Financial reports and dashboards for advanced analysis
Incorporation of key source data: General Ledger (GL), Underwriting, Policy, Claims, Valuations and Investment Systems
Accelerate to New Levels of Effectiveness
The Performance Management for Insurance solution can also be combined with Prolifics’ other functional accelerators for Operating Expense, Workforce and Capital Expenditure planning for a holistic Planning solution.