INSURANCE

Build a nimble insurance organisation.

Ready to turn your data into a business asset? With Workday, you gain real-time insight and a flexible system. So you can spot opportunities, uncover risks and quickly act on what you see.

Automates premiums and claims data integration using automated and scalable finance.

Shortens the close cycle by 25% using financial reporting and analytics.

Increases IT efficiency by 27% using continuous and company-wide planning.

Cuts auction cycle time by 80% using spend management.

Gains 24/7 insights into staff development and improves communication with talent management.

SOLUTION USE CASES

A use for all aspects of your organisation.

Automated and scalable finance

Risk and financial controls
Streamlined operational data integration
Insurance policy and claim subledgers
Deferred acquisition cost (DAC) and premium spreads
Remeasurement accounting (LDTI/IFRS 17)
Cost allocations

Financial Reporting and Analytics

Insurance data models/finance data warehouse
Risk and actuarial financial reporting
SEC reporting
ESG reporting
Regulatory reporting (NAIC/Solvency II)
Management reporting/KPIs

Continuous and company-wide planning

Claims modelling
Product and branch profitability
Operational expense planning
Premiums forecasting
Workforce Planning
Reinsurance rate planning

Spend Management

Strategic Sourcing
Supplier Management
Contract management
Cost containment
Predictable spend
High-performing procurement

Talent Management

Recruit and onboard
Employee Engagement
Modernise for efficient HR service delivery
Employee experience and well-being
Belonging and Diversity
Skills development and training

Resources

Insurance industry insights and trends.

See All Resources
Report KPMG: Future-Ready Insurance Leaders Read Report
Webinar Best practices for insurance companies Watch Webinar (1:00)
Report IDC: Enabling agile insurance organisations Read Report
Use Case Business Continuity for the Insurance Industry Read Use Case

See how we put our customers at the centre.

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