Leading General Insurance Provider Transforms Financial Planning with GenXAI’s Anaplan Solution

~$1B GWP Managed 200+ Branches Aligned 52,000+ Sales Agents Supported

THE CHALLENGE

The manual processes slowing down decision-making.

One of the leading general insurance companies in India — offering a comprehensive suite of Motor, Health, and Travel Insurance along with customized protection solutions — faced critical financial planning challenges limiting its ability to scale.

Fragmented Data Consolidation: Cumbersome data consolidation process, with disparate Excel models and dashboards running manually

Limited Planning Agility: Lack of agility and scenario planning capabilities to manage multiple versions of the data

Data Reconciliation Gaps: Data quality and reconciliation issues between statutory, management, and regulatory data sets

Manual-Intensive Processes: Budgeting, forecasting, and reporting relied on labor-heavy, manual workflows

THE GENXAI SOLUTION

How we transformed financial planning.

A tailored Anaplan solution designed specifically for the general insurance industry’s planning and reporting requirements.

Planning, Budgeting & Forecasting

•Long-range planning with top-down and bottom-up sales planning
•Granular-level planning by location, line of business, channel/verticals, and business type
•Driver-based direct and indirect cost planning
•Captured as-is and to-be processes, reports, and templates

Costing & Financial Statements

•Driver-based cost allocations
•P&L statement, balance sheet, cashflow, and solvency modeling
•What-if analysis on financial statements and solvency KPIs
•Built on complex models with reconciled data across multiple sources

Integrated Corporate Planning

•Linked corporate plan to financial plans and business unit plans
•Linked insights to Long-Range Plan, Annual Operating Plan, and forecasts

THE RESULTS

Measurable impact at enterprise scale.

Faster Financial Statement Close

→

Rolling Forecasts Now Done on a Continuous Basis

200+

Branches Aligned

52,000+

Sales Agents Supported

Enterprise-Scale Impact

The solution now supports ~$1B in gross written premium (GWP) across 200+ branches, 30+ cities, and a network of 52,000+ sales agents.

The GenXAI Advantage

Our specialized expertise enabled “what-if” scenario planning, alignment of objectives, plans and tactics, and timely, reliable business insights — while significantly reducing errors and effort by maintaining one version of truth and discipline throughout the planning, analysis, and consensus planning process.

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