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INSURANCE

Build a nimble insurance organisation.

Ready to turn your data into a business asset? Only ²ÝÝ®ÊÓƵ puts AI at the core of an open and connected system to help you make smarter decisions, uncover risks and quickly act on what you see.

Automates premiums and claims data integration using automated and scalable finance.

Shortens the close cycle by 25% using financial reporting and analytics.

Increases IT efficiency by 27% using continuous and company-wide planning.

Cuts auction cycle time by 80% using spend management.

Gains 24/7 insights into staff development and improves communication with talent management.

SOLUTION USE CASES

A use for all aspects of your organisation.

With the Industry Accelerator for Insurance, you benefit from a global ecosystem of partners to help you adapt, innovate and scale ¨C all while fast-tracking your digital transformation.

Automated and scalable finance

Risk and financial controls
Streamlined operational data integration
Insurance policy and claim subledgers
Deferred acquisition cost (DAC) and premium spreads
Remeasurement accounting (LDTI/IFRS 17)
Cost allocations

Financial Reporting and Analytics

Insurance data models/finance data warehouse
Risk and actuarial financial reporting
SEC reporting
ESG reporting
Regulatory reporting (NAIC/Solvency II)
Management reporting/KPIs

Continuous and company-wide planning

Claims modelling
Product and branch profitability
Operational expense planning
Premiums forecasting
Workforce Planning
Reinsurance rate planning

Proactive Spend Management

Sourcing Efficiency
Mitigate Supplier Risk
Supplier Contract Management
Cost containment
Stakeholder Engagement
Indirect Spend Controls

Talent Management

Recruit and onboard
Employee Engagement
Modernise for efficient HR service delivery
Employee experience and well-being
Belonging and Diversity
Skills development and training

CUSTOMER SUCCESS

More insurance companies are live on ²ÝÝ®ÊÓƵ than any other cloud-based solution.

Unum

Realises $200K net annual cost savings.

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AAA

Gains greater visibility into performance.

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59% reduction in ledger accounts.

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Resources

Insurance industry insights and trends.

See All Resources

See how we put our customers at the centre.

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