India based private general insurance company. The company is known for its innovative solutions, customer-centric approach, and commitment to risk management. Operating within the regulatory framework of the insurance industry, The company has established itself as a trusted partner for customers seeking comprehensive coverage and financial protection.
- ~$250M GWP (Yearly)
- 110+ Offices in India
- 1.5k+ Employees
- 6k+ Partner Hospitals
- Cumbersome data consolidation process, disparate excel models & dashboards running manually
- Lack of agility and scenario planning capabilities to manage multiple versions of the data
- Data quality and reconciliation issues between statutory, management, and regulatory sets of data
- Manually intensive budgeting, forecasting, and reporting process
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Long Range Planning
Identifying and streamlining requirements while establishing the timelines for procurement, with the goal of acquiring them precisely when needed.
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Budgeting & Forecasting
Identifying expected demand levels for the product or service with multiple subtle changes that add up over time and change the trajectory of demand.
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Specialty Planning
Transforming a strategic plan into a detailed roadmap, delineating precise actions the team will undertake on a weekly, and at times, a daily basis.
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Scenario Planning (What-If)
A dynamic evaluation process to ensure that the production capacity aligns seamlessly with the evolving demands for products.
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Management Reporting
Identifying and streamlining requirements while establishing the timelines for procurement, with the goal of acquiring them precisely when needed.
- Planning Budgeting, Forecasting & Long-Range Planning
- Top-Down & Bottom-UP Sales Planning at a granular Level ( Location, Line of Business, Channel/Verticals & Business Type).
- Expense Planning – Driver-based Direct & Indirect cost planning
- Captured as-is and to-be processes, reports and templates
- Costing - Driver-based cost allocations
- P&L Statement, Balance Sheet, Cashflow & Solvency
- What-IF Analysis on the Financial Statement & Solvency KPIs Built complex models and reconciled data across multiple sources
- Linked corporate plan to financial plans and business unit plans
- Linked insights to LRP, AOP & Forecasts
- Ability to perform “what-if” scenario
- Alignment of Obj, plans & tactics
- Forecasts now done on a rolling basis
- End-of-month financial statements are updated every hour. Pre-Anaplan, this took 3x as long
- Timely & Reliable business insights
- Significant error reduction and save time and effort by maintaining one version of truth & discipline throughout planning process analysis and consensus planning