Adaptive Planning

Insurance

Workday Adaptive Planning for insurance

Make better decisions and respond with business agility

The insurance sector has evolved in the last decade as a result of globalisation, regulatory changes, and financial turbulence. Insurance leaders need a system that supports active planning that is collaborative, comprehensive, and continuous.

Greater insights and deeper performance visibility

Reduced market benchmarking and analysis from weeks to minutes. Transformed FP&A to a bottom-up strategy, enabling deeper performance visibility. Automated what-if scenarios modelling for faster strategic decisions making.

Cohesive financial planning

Easily track data by mission and organisational structure. Single source of information that aligns all of the stakeholders on the same page. Spend less time on entering data and more time on strategic discussions.

Make Informed Decisions with Accurate Data

Liberate and enable your FP&A teams to dedicate more time on value-add activities

Minimise Human errors with automation

Spreadsheet-based systems are inefficient, error-prone, and fundamentally unsuited for the level of active planning and reporting required by today’s insurance organisations. Workday Adaptive Planning helps you keep manual intervention to a minimum by relying on automated technology to plan continuously and leverage data

what-if” scenario analysis

Make informed decisions with “what-if” scenario analysis across plans and providers. Automated what-if scenarios modelling for faster strategic decisions making.

real-time visibility, Deeper Insights

A configurable dashboard that can be adjusted and expanded to meet the needs of any insurance organisation. Gain insights through modelling service providers against policies and claims. Analyse key business drivers across any aspect of the business.
Generate reports at whatever level of granularity you need.

Multidimensional Planning and Modelling

Insurance organisations are well equipped to plan across a number of dimensions, producing detailed models based on
multiple scenarios. Users have the ability to model integrated P&L, balance sheet, and cash flow statements to reflect the complexities of the business.

KEY USE CASES

Explore models built for the insurance industry.

Claims modeling

Forecast cost per claim, time to settlement, and frequency across categories (e.g., auto, health, home, and life).

Premiums forecasting

Model gross and net written premiums, revenue per policyholder across plans and categories, and across insurance type.

Product and branch profitability

Plan revenues and direct costs by product and branch. Allocate personnel and overhead to analyse expense and loss ratios by segment or location.

Reinsurance rates

Plan reinsurance rates across the portfolio to manage risk.

Try Workday Adaptive Planning Today!

30 Days Free Trial

Dive into Workday Adaptive Planning with a risk-free 30-day trial. No commitments, no strings attached – just pure value.

Streamline planning processes and achieve better FP&A outcomes with ease.

Talk to our Workday Experts

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