Insurance Finance Analytics Overview
The Finance department of the Insurance company largely caters to the book keeping and the financial health in terms of expenses, investment and also cash reserves for claim payment. Maintaining the solvency ratio and the regulatory reporting is also an important requirement of this organization. GrayMatter providing Insurance Finance Analytics solution with the following sub modules:
- Revenue Analysis
- Policy level profitability
- Cash flow management
- Break even by cost centre/ branch
- Financial Ratio
- Financial Reporting (P&L)
- Budgeting
Revenue Analysis
- Gross Written Premium ( GWP)
- Renewal Premium
- Investment Income
- Income/ loss from Re-insurance
Policy Level Profitability
Financial measures , Revenue & Cost against the budget on a monthly, quarterly & annual basis for each policy as per Insurance company financial modules
Cash Flow Management
Compare & Analyze various Revenue & Expenditure heads
- Cash flow
- Available funds
- Working capital
- Treasury balance
- Investment portfolio.
Financial Ratio
As per regulatory requirements calculation of insurance related ratios.
- Capital management
- Debt management
- P&L
- Liquidity
