For Insurance Organizations
Satori’s driver-based Budgeting & Forecasting gives organizations built-in best practices that support timely data collection, collaboration, and analysis enabling organizations to reduce budgeting cycles and increase forecasting frequency.
Budgeting & Continuously Rolling Forecast
12-month plans are often outdated before they even begin. You need a way to adjust your plan and successfully address changes in market conditions. Give your finance team the tools to be more productive while simplifying the input process for budget & forecast contributors.
- Reduce time spent budgeting
- Forecast on-demand & at regular intervals
- Maximize end-user productivity
- Securely distribute and collect budget information from all levels of the organization
- Dynamic driver based modeling
- Eliminate clerical spreadsheet errors
- Advanced “ what-if” scenario creation
- Effectively support critical business decisions
Understand the Drivers that support your business
Continuously Monitor and Adjust via Satori’s Premium and Loss Experience Planning Modules
Premium Planning enables you to understand today’s ever-changing market conditions by giving you the tools to rapidly model retention and the effects of price changes in order to target your expectations for existing and new premiums. In addition, Premium Planning efficiently tracks policy life-cycle information with seamless data extraction from your PASs (Policy Admin Systems). You will gain the ability to develop full and complete premium analytics from Direct, Assumed, Ceded, and Net Written, Unearned, and Earned premiums, while taking into account reinsurance treaties and individual placements (facultative).
Understanding loss trends gives solvent, profitable organizations the edge over the competition. Loss Experience Planning gives your risk managers and finance executives the ability to plan claim payout patterns, forecast reserves (Case & IBNR), and predict ultimate loss and development factors at all meaningful levels; including but not limited to ASLOB, product, accident year, and more by region, state, or office.