Specialized FP&A solution for insurers that integrates financial planning, budgeting, forecasting, and analysis with actuarial models. Features include scenario modeling, what-if analysis, dynamic forecasting, regulatory reporting capabilities, and integrated risk management.
Applications that support budgeting, forecasting, and financial modeling to help insurers plan for future performance and resource allocation.
More Financial Planning and Analysis Tools
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Multi-Source Data Import Supports importing data from spreadsheets, accounting software, ERPs, CRMs, and claims systems. |
Anaplan for Insurance supports integrations from spreadsheets, CRMs, and likely from ERPs/claims systems as per its integration documentation. | |
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Automated Data Refresh Ability to schedule regular and automated updates of datasets from source systems. |
Documentation describes scheduling data refreshes from source systems for live and automated scenario analysis. | |
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Real-Time Data Sync Supports real-time synchronization with associated data sources for live analysis. |
Marketing material and technical docs highlight real-time/recent data syncs for live planning and scenario updates. | |
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Custom ETL (Extract, Transform, Load) Pipelines Allows users to build data transformation and mapping rules between systems. |
Custom ETL and data transformation/mapping via Anaplan's model building and import automation. | |
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API Connectivity Can be integrated with external applications using standard or custom APIs. |
Well-documented APIs and external integration capabilities are available. | |
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Data Validation & Cleansing Includes tools to check, clean, and standardize imported data to ensure accuracy. |
Anaplan supports automated and rules-based data validation and cleansing during imports. | |
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Data Import Speed Maximum speed at which the system can import data from connected sources. |
No information available | |
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Historical Data Import Limit The maximum historical data range that can be ingested for trend analysis. |
No information available | |
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Prebuilt Insurance Integrations Includes out-of-the-box integrations with common insurance platforms (e.g., Guidewire, Duck Creek). |
No information available | |
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User Access Controls on Data Import Support for role-based access and approval workflows for data importing. |
Role-based access and approval workflows for data input and import are supported in Anaplan's platform. |
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Multi-Scenario Budgeting Enables creation and comparison of multiple budget and forecast scenarios. |
Solution specifically describes scenario modeling and multi-scenario budgeting support. | |
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Rolling Forecasts Supports continuous, rolling updates to financial forecasts. |
Dynamic/rolling forecasts is a core advertised FP&A feature. | |
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Top-Down & Bottom-Up Planning Offers both centralized and departmental planning approaches. |
Supports both top-down and bottom-up collaborative planning as standard practice. | |
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Driver-Based Planning Utilizes key financial and operational drivers for forecasting processes. |
Driver-based planning and modeling is a highlighted capability. | |
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Scenario Planning Speed Time required to generate alternate scenario plans. |
No information available | |
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Collaboration Tools for Budgeting Enables multiple users to participate in budgeting and forecasting simultaneously. |
Multi-user collaboration in budget and planning is a key platform strength. | |
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Audit Trail for Changes Tracks and logs all changes made to budgets and forecasts. |
Supports robust audit trails for budgeting/forecasting changes. | |
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Budget Version Control Supports multiple versions of budgets and forecast models with rollback. |
Budget versioning and rollback capabilities are provided for models and scenarios. | |
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Adjustable Time Horizons Allows custom definition of forecasting and budget periods (monthly, quarterly, annual, etc.). |
Adjustable/custom time horizons for plans and forecasts are standard. | |
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Integrated Assumption Libraries Facilitates reuse and standardization of planning assumptions (e.g., inflation, claims frequency). |
Reusable/pluggable assumption libraries for forecasting and planning is an advanced Anaplan feature. | |
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Forecast Accuracy Measurement Tracks accuracy of forecasts compared to actuals over time. |
Forecast/model backtesting and tracking forecast accuracy over time are commonly used features. |
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Customizable Financial Models Allows users to create or modify financial models specific to the insurance business. |
Customizable/extensible financial models set up for insurance are explicitly mentioned. | |
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Embedded Actuarial Calculations Includes built-in actuarial and statistical functions (e.g., loss triangles, reserving models). |
Actuarial/statistical functions including insurance-specific calculations are available/integrated. | |
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What-If Analysis Enables dynamic adjustments to inputs for on-the-fly scenario evaluation. |
What-if analysis is central to Anaplan's scenario planning modules. | |
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Predictive Analytics Supports machine learning and statistical modeling for claims trend prediction and pricing. |
Predictive analytics powered by modeling/ML integrations are available in the Anaplan platform. | |
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Monte Carlo Simulation Built-in functionality to run probability-based simulations for risk analysis. |
Built-in support for Monte Carlo and similar risk simulations is listed in documentation. | |
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Sensitivity Analysis Ability to test and visualize the impact of changing key input variables. |
Sensitivity analysis and visualization of variable impacts are part of standard modeling features. | |
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Model Calculation Speed Average time required to run a complex model. |
No information available | |
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Model Library Provides a library of prebuilt models for insurance (e.g., cash flow, solvency, premium projection). |
Model library and template sharing highlighted for insurance cash flow, solvency, claims, and premium models. | |
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Versioning of Models Tracks and allows reversion of changes to financial models. |
Version control and rollback for models provided by Anaplan platform. | |
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Documentation Support Allows in-tool documentation and annotation of model logic. |
In-tool and in-line documentation and annotation available for model logic. | |
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Modular Model Components Enables creation and reuse of model building blocks to streamline future modeling. |
Supports modular model components, allowing for reusable logic/model blocks. |
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Customizable Dashboards Users can build and personalize dashboards with charts, graphs, and KPI widgets. |
Dashboards are customizable and support a range of widgets per user preference. | |
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Prebuilt Financial Reports Includes a set of standard insurance financial reporting templates (e.g., statutory, regulatory). |
Prebuilt insurance/finance reports and templates align with industry standard requirements. | |
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Ad Hoc Reporting Users can quickly generate custom reports without IT assistance. |
Self-service, ad hoc reporting is advertised as a no-code/low-code feature. | |
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Scheduled Reporting Reports can be scheduled for automatic generation and distribution. |
Reports can be scheduled for generation/distribution according to user docs. | |
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Self-Service Analytics Enables business users to build and analyze reports independently. |
Self-service analytics is a major user value proposition for business/finance users. | |
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Data Export Formats Supported number of export formats (e.g., PDF, Excel, CSV, XML). |
No information available | |
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Interactive Visualization Tools Includes tools for interactive data exploration (e.g., drilldowns, filters). |
Drilldowns, interactive filtering/visualization for dashboards and reports are supported. | |
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Mobile-Ready Reporting Dashboards and reports are accessible and optimized for mobile devices. |
Dashboards and reports are web-accessible and responsive for mobile/tablet use. | |
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Narrative Commentary Users can add textual commentary or explanations to reports. |
Narrative commentary can be added to reports to provide context and assumptions. | |
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Role-Based Report Access Controls who can view, edit, or share reports based on user roles. |
Role-based access for reporting and dashboards is implemented platform-wide. | |
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Real-Time Dashboards Visualizations refresh dynamically with live data feeds. |
Supports real-time dashboards with up-to-the-minute refresh from live data sources. |
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In-Platform Messaging Facilitates direct communication among users within the application. |
No information available | |
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Task Assignment & Tracking Enables tracking and delegation of tasks involved in planning and analysis cycles. |
Task assignment and tracking for collaborative planning cycles are described in collaboration features. | |
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Approval Workflows Configurable multi-step approval processes for budgets and forecasts. |
Configurable multi-step approval workflows for scenarios/budgets are available. | |
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Change Notifications Automated alerts and updates for key events or submissions. |
Notifications for plan changes, submission, and approvals are configurable. | |
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Concurrent Editing Multiple users can edit budgeting or forecasting documents at the same time. |
Concurrent multi-user editing for budgeting/forecasting is natively supported. | |
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Commenting & Annotations Users can comment on specific cells, reports, or model assumptions. |
Commenting and annotation functionality for cells, scenarios, and calculations is available. | |
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Collaboration Audit Log Tracks all user actions and collaboration events. |
Comprehensive audit log of collaboration and user events supports compliance. | |
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Workflow Template Library A set of prebuilt workflow templates for insurance FP&A processes. |
No information available | |
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User Activity Dashboard Provides a summary of current user assignments, approvals, and tasks. |
No information available | |
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Time to Approve Workflow Step Average time it takes for approval workflows to be completed. |
No information available |
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Data Encryption All data is encrypted both at rest and in transit. |
Data encryption in transit and at rest is described under Anaplan's enterprise and compliance features. | |
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Role-Based Access Control Access permissions can be tailored to individual roles within the organization. |
Role-based access across modules and datasets is a fundamental platform security feature. | |
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Audit Trails Complete logging of user actions and data modifications for compliance. |
Audit trails and user action logging is provided for compliance. | |
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Regulatory Reporting Templates Includes built-in templates for insurance compliance and regulatory filings (e.g., IFRS 17, Solvency II). |
Prebuilt regulatory templates (e.g., Solvency II, IFRS 17) are available for insurance clients. | |
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GDPR/CCPA Support Features to facilitate compliance with data protection regulations. |
GDPR/CCPA compliance features are called out in Anaplan's data privacy policies. | |
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Single Sign-On (SSO) and MFA Supports enterprise authentication protocols and multi-factor authentication. |
Supports SSO and enterprise MFA for user authentication. | |
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Data Retention Policies Configurable data archival and retention management. |
Data retention and archival policies can be configured by administrators. | |
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Penetration Testing Frequency How often the system undergoes security penetration testing. |
No information available | |
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User Session Timeout Controls Customizable inactivity timeouts for user sessions. |
User session timeout and security policies are configurable on the platform. | |
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Incident Response Procedures Documented procedures for managing security breaches. |
Incident response and management processes are discussed in security and compliance documentation. | |
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Data Residency Options Ability to select data storage in specific geographic regions. |
Data residency/location selection is available to support regulatory compliance in insurance. |
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Claims Forecasting Tools for projecting future insurance claims based on trends and actuarial data. |
Claims forecasting is prominently featured as a core insurance capability. | |
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Policyholder Profitability Analysis Ability to analyze profitability by policy segment or product line. |
Policyholder/profitability analytics and segmentation features are available. | |
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Loss Ratio Analytics Automatic calculation and trend analysis for key insurance ratios (e.g., loss, expense, combined). |
Loss ratio and insurance-specific KPI analytics are built in. | |
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Premium Revenue Modeling Supports forecasting and backtesting premium revenue scenarios. |
Premium revenue modeling and testing are described for insurance clients. | |
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Reserve Adequacy Testing Built-in analytics for claims reserving and adequacy verification. |
Reserve adequacy and claims reserve analytics are supported. | |
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Reinsurance Planning Tools Assists with modeling the impact of reinsurance structures. |
Reinsurance impact modeling is a highlighted feature for large insurance users. | |
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Compliance with Insurance Accounting Standards Includes logic for accounting under statutory frameworks. |
Includes native logic/concepts for insurance accounting standards (statutory, IFRS, Solvency II, etc.). | |
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Underwriting Channel Analysis Provides analysis tools for profitability by channel or intermediary. |
Underwriting channel profitability/analysis modules are advertised. | |
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Policy Lifecycle Modeling Models full policy life from quote to claim, renewal, or lapse. |
The platform models full policy lifecycle (quote, claim, renewal, lapse). | |
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Integration with Actuarial Tools Can be connected to external actuarial systems (e.g., Moody's Analytics, Milliman). |
Integration with leading actuarial tools via connector or API is supported. |
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Intuitive User Interface Designed for easy navigation, with consistent layouts and terminology. |
UI/UX is consistently cited as modern/intuitive for finance and planning users. | |
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Customizable Workspaces Users can personalize dashboards and layouts. |
Users can customize dashboards, model layouts, and workspaces. | |
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User Onboarding Tutorials Guided onboarding and contextual training within the product. |
In-app, contextual onboarding and training/tutorials are available. | |
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Multi-Language Support Available in multiple languages for diverse teams. |
No information available | |
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Accessibility Compliance Complies with common accessibility standards (e.g., WCAG 2.1). |
States compliance with common accessibility standards (WCAG) but details unclear. | |
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In-Tool Help & Documentation Comprehensive, searchable help resources available within the application. |
Comprehensive searchable help and documentation is part of the standard platform UI. | |
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Average User Task Speed Mean time required to complete common tasks (e.g., running a forecast). |
No information available | |
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Error Message Clarity Clear, actionable feedback when issues occur. |
Error messages and model validation feedback are clear and actionable. | |
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Bulk Data Update Tools Efficient interfaces for updating large datasets. |
Bulk data update import/management interfaces are documented as available. | |
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Keyboard Shortcuts Keyboard-based navigation and command options. |
No information available |
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Cloud-Based Deployment Offered as a fully managed SaaS solution. |
Anaplan is deployed as a multi-tenant SaaS cloud solution. | |
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On-Premises Option Ability to deploy the product on local infrastructure if required. |
No information available | |
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Multi-Tenancy Can securely host multiple business units or legal entities within a single platform. |
Multi-tenancy is supported for enterprise/holding groups. | |
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Concurrent User Capacity Maximum number of users supported simultaneously. |
No information available | |
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Geographic Data Centers Number of global data center locations for redundancy and compliance. |
No information available | |
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High Availability Uptime Service level guarantee for platform uptime. |
No information available | |
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Disaster Recovery Features Tools for automatic failover and data recovery. |
SLA uptime guarantees and disaster-recovery/failover features cited in enterprise documentation. | |
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Elastic Compute Scaling Automatically increases resources as workloads grow. |
Elastic compute scaling supported as a function of SaaS architecture. | |
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Integration with Identity Providers Supports integration with enterprise SSO and directory services (e.g., Active Directory, Okta). |
Integration with enterprise identity providers (SSO, SCIM, etc.) is available. | |
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Mobile & Tablet Compatibility Works fully on mobile and tablet devices for remote or field staff. |
Web/mobile responsive platform for mobile/tablet compatibility. |
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Open API Availability Comprehensive, documented APIs for extending or integrating the platform. |
Comprehensive, documented APIs for integration/customization are available. | |
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Prebuilt ERP Connectors Includes ready-to-use connections to leading ERP suites (SAP, Oracle, etc.). |
Prebuilt ERP connectors are available for popular ERPs in financial environments. | |
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Plug-In Framework Supports custom plug-ins for bespoke functionality. |
Custom plug-in/extensions framework is supported via APIs and integration layer. | |
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Integration Monitoring Dashboard Monitors and reports on the status of all integrations. |
Monitors and reports on API/integration connectivity and errors. | |
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Custom Scripting/Logic Support Allows users to write custom scripts for data transformation or business logic. |
Custom scripting (Anaplan functions and automation scripting via API and connectors) is available. | |
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Webhook Support Can trigger and respond to webhooks for event-based integration. |
Webhooks can be configured for event-based integrations and notification workflows. | |
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Marketplace for Add-Ons Access to a library of certified extensions or partner apps. |
Marketplace of partner add-ons, extensions, and third-party integrations is available. | |
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Integration Throughput Maximum supported transactions between systems per minute. |
No information available | |
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Legacy System Support Can connect and synchronize with older on-premises or mainframe systems. |
Integration with legacy on-premises core systems available via connectors or partner solutions. | |
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Custom Notification Channels Allows integration with external messaging or notification platforms (e.g., Slack, Teams, email). |
Supports integration with external notification/messaging channels including Teams/Slack/email. |
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24/7 Support Availability Round-the-clock technical and user support access. |
24/7 global support for enterprise and insurance customers is advertised. | |
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Dedicated Account Manager A designated representative for customer queries and escalations. |
Dedicated account manager provided for enterprise/strategic insurance clients. | |
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Implementation Services Professional services for onboarding, configuration, and deployment. |
Professional services and implementation consulting for insurance clients offered. | |
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Training Resources Comprehensive training materials and programs for end users and admin staff. |
Extensive user/admin training and certification programs are available. | |
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Community Forums Access to online user communities for peer support. |
Online community forums and user groups are provided for product support and feedback. | |
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Service Level Agreements (SLAs) Guaranteed response and resolution times for support issues. |
Service Level Agreements (SLAs) on uptime and support response times available to enterprise contracts. | |
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Supported Languages Number of available support languages. |
No information available | |
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User Conference & Webinars Periodic conferences and webinars for product updates and best practices. |
Periodic events, webinars, and user conferences regularly held and open to insurance sector users. | |
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Feedback & Enhancement Channels Structured method for users to submit product feedback or feature requests. |
Platform provides feedback and enhancement tracking from end users. | |
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Vendor-Managed Upgrades Regular updates and upgrades are managed by the vendor. |
Vendor manages all updates and upgrades in SaaS environments. |
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