Automatic generation of estimation and forecast values for insurances
Consurance’s estimation tool, estimo, is the product of years of experience in various projects. Estimo supports the generation of estimations, the collection of estimated values, the generation of their bookings and the management of associated business processes - an efficient tool easily adaptable to your needs.
estimo offers the following features:
- Determination of forecast values through analysis of trend information based on historical data and heuristic methods (for all closing relevant type of amounts
- Calculation of booking relevant estimated values from forecast or planning figures and existing actuals
- Exclusion of one-time effects, e.g. large loss
- Creation of "Earning Patterns" (analysis of previous year developments and their progress)
- Manual correction of calculated values at all levels
- Visualization of individual hierachies in a flexible tree diagram
- Allocation of determined estimates at accounting level (e. g. in a clear tree diagram)
- Break-down of estimated values at accounting level according to the structural requirements (e.g. underwriting years of a contract or branches, which can be posted to, in a tree diagram)
estimo offers numerous standard estimation methods for the calculation of estimate and forecast figures. These methods can easily be adapted to your individual needs.
Furthermore, individual estimation methods can be implemented quickly and efficiently due to the estimation tool’s flexible and modern architecture. estimo also supports the integration of your company’s existing business processes.
Estimo supports the overall process of estimation and forecast through:
- the import of data from different source systems
- the automatic generation of bookings and their reversals for the general or the subsidiary ledger (e. g.SAP newGL, FS-RI)
- an integrated process control for forecast and estimation
- a reporting module and pre-defined reports
- user and authorization management on process and data level
- the documentation of estimations and their manual adjustments
- the historicisation of estimates and forecasts