Tagetik Cloud for Insurance

Modernizing your financial processes doesn’t take an act of God



Insurers are under constant pressure reduce risk, balance policy premiums with payouts and comply with demanding regulations such as Solvency II. With Tagetik Cloud for Insurance, insurers are modernizing key financial management processes, modeling policies to optimize pricing or adjust premiums, and complying with stringent regulatory requirements.


With a unified corporate performance management solution from Tagetik, insurance executives can see the profitability of each product, analyze which policies are under performing - and gain insights to answer why, and quickly understand the impact of business decisions on the firm’s P&L, cash position and financial performance.

Tagetik Cloud for Insurance

Benefits


Simplify complex financial processes

Simplify complex financial processes, from strategic planning to disclosure reporting

Confidently meet all requirements

Confidently meet statutory and compliance requirements, including Solvency II

Minimize total cost of ownership

Minimize total cost of ownership (TCO) for all performance management processes

Build financial controls and validations

Build financial controls and validations into processes and reporting

Collaborate on financial processes

Collaborate on financial processes, including intercompany transactions, transfer pricing, and regulatory reporting

Easily trace and audit data

Easily trace and audit data, from initial strategic planning through final disclosure

Tagetik unified corporate performance management software solution for the INSURANCE industry

Strategic Planning & Forecasting
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Strategic Planning & Forecasting

Simplify the strategic planning and annual budgeting process with a single source of financials using Tagetik's unified budgeting, planning, forecasting and modeling solution. Align business plans with operational budgets, eliminate manual data entry and effortlessly generate periodic and rolling forecasts.

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Business Modeling
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Business Modeling

Assessing policy premiums? Calculating risk-adjusted margin? Model what-if scenarios and conduct variance analysis to optimize pricing and profitability while unifying strategic, corporate and operational processes. Now, create business models based on real-time data across your enterprise so you can identify risks and prepare for them.

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Cash Flow Planning & Forecasting
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Cash Flow Planning & Forecasting

Tagetik automates the cash in/cash out impact of each budget line item so when market dynamics shift or a natural disaster strikes -  cash flow plans and forecasts update instantly. Using double entry logic, decision makers can analyze the net business impact as soon as changes happen.

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Cost Allocation & Profitability Analysis
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Cost Allocation & Profitability Analysis

Allocate direct and indirect costs to any level of detail, including policy, location or sales associate to more accurately analyze profitability by product, segment, region and more. Using Tagetik’s allocation engine for expenses and activities, planners gain insights into lines that impact profitability and margin.

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HR Planning
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HR Planning

Get insights into how workforce changes, turnover, overtime, contract and detailed employee-level variables (salary, sick leave, bonus, benefits, new hires, transfers, etc.) affect the strategic plan, P&L, cash position and operational productivity. With Tagetik, finance, HR and operations are aligned.

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Seamless Close-to-Disclosure
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Seamless Close-to-Disclosure

Cut days off the monthly close cycle and accelerate management and external reporting with a single solution. Confidently manage and control journals, adjustments, intercompany eliminations and reconciliation, then seamlessly produce disclosure reports that provide drill-down to the underlying data.

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Regulatory Reporting & Compliance
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Regulatory Reporting & Compliance

Automate regulatory reporting – from SEC filings, multi-GAAP (IAS, IFRS, US GAAP), Solvency II, others – and spend less time preparing reports and more time analyzing the information. Tagetik quickly complies with updates so you are futureproofed for both revised and new regulatory mandates.

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Unified Corporate Performance Management
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Unified Corporate Performance Management

Automate and modernize key financial management processes using a single, enterprise software solution. Tagetik is the only solution that is purpose-built for Finance, optimized for non-financial users and available on the Cloud, on-premise and your mobile device.

We get Planning. You get Results.

Tagetik Planning for insurance



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Tagetik Software is trusted by leading companies in the INSURANCE industry


Talanx

Solvency II, Disclosure Management, Consolidation, Reporting and Analysis

Watch the Video

Manulife

Disclosure Management, Reporting

Read the case study

Watch the Video

Generali

IFRS Consolidation, MVBS, BPF, IVASS, Solvency II, Technical Provision

Triglav

Consolidation, Planning, Solvency II, Disclosure Management

Watch the Video

Menzis

Solvency II

Testimonials

Customer Quotes

On Demand Webinar

FROM DATA TO DISCOVERY: DYNAMIC REPORTING & AUTOMATION AT JOHN HANCOCK/MANULIFE

Hear first-hand from Jeff Nataupsky, VP of financial reporting and controls for John Hancock, how the organization was able to create one source of truth for reporting and disclosure while (1) significantly reducing manual processes (2) streamlining data collection and (3) standardizing reporting processes.

Browse our Resources

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