Expert Cloud Application Deployoment services for Insurance
Digital IMS Cloud has migrated number of Insurance companies
from a manual MS Excel based budgeting and reporting process
to centralized budgeting and forecasting systems. Digital
offers pre-built Insurance models allowing customers to jump
Budget and forecast for direct earned premium and net earned
premium based on policies in force considering drivers likes
quota, conversion rate, new business count, renewed business
count, renewal rate, written premium per policy.
Budget and forecast for re-insurance based on drivers such
as reinsurance rate.
Budget and forecast for loses and calculate ultimate loss +
ALAE, ultimate loss + ALAE ratio.
Budget and forecast for underwriting expenses based on
policies in force and direct written premium.
Prepare statutory budget and automatically calculate the
STAT to GAAP adjustments.
Plan for department salary expenses at the employee level
and department capital expenses at the capital item level.
- Allocate overhead expenses.