Summary report: How effective is the insurance industry when it comes to financial planning and forecasting?

To combat outdated legacy systems and fresh competition, it has been suggested that insurers need to improve their forecasting and planning processes to remain agile.

With this in mind Post - in association with Anaplan - carried out a wide-ranging survey to assess how successful insurance companies are at mitigating factors that might cause delays and/or a deviation in outcomes during financial planning and forecasting periods.

The survey also investigated how dependent firms are in using traditional offerings such as Excel spreadsheets; what progress they have made in breaking down internal silos; and introducing performance scenario-based planning, that combines both top down and bottom up modelling.

Download this report for in-depth analysis of the results and the implications for insurers.