Many of today’s insurance companies utilize disparate spreadsheets for financial planning. Although spreadsheets are both flexible and easy-to-use, they are also often prone to error. Business analysts spend more time checking for errors rather than analyzing results. Join Innovus as we showcase our new Planning Application Quick Start solution for Insurance companies. Leveraging a traditional on premise deployment or Oracle’s Planning and Budgeting Cloud Service (PBCS), companies can take advantage of the application template that is configurable to support your planning process. Through a live demonstration, learn how our solution can accelerate the deployment of a planning application for your organization.

1. Planning Application Quick Start for
Insurance
RJ Linehan & Steve Litt
Managing Partners
Innovus

2. • About Innovus
• Changing Dynamics of Insurance Industry
• Challenge with Current Solutions
• Oracle’s Planning and Budgeting Cloud Service (PBCS)
• InnovusINSIGHT for Insurance
• DEMO
• Summary
• Q&A
• Appendix
Agenda

3. What We Do
Premier Provider of Oracle Planning & Budgeting Cloud Service
and Financial Reporting solutions.
Our Goal
Become a Trusted Advisor to our clients and champion their vision
of adopting Key Performance Indicators to manage their business.
About Us
• Headquartered in the New York Tri-State area
• Oracle Gold Partner & Active in Local and National Oracle User
Groups
• Consultants are Oracle-Certified.
• Pioneer an Innovative Project Development Methodology
• Exclusive Oracle Training Provider
• Zealous commitment to Customer Service
• Proudly boast a clientele that are 100% reference-able!
About Innovus
Performance Management
Business Intelligence
Cloud Applications
Featured Solutions
Innovus
Application
Services
Training
Services
Support
Services
Data
Services

4. Market Dynamics
• Increased Regulation
- Implementing Solvency II
- Providing greater transparency with customers
• Increased Use of Technology (Mobile)
- Self-service driving growth and need for lower cost alternatives
- High conversion rates via mobile/internet
• Severity and frequency of catastrophic events
- Need for more sophisticated risk models
• Better Customer Satisfaction
- Requires 360-degree view
• Commoditization of Products
- Stresses importance of choice and price

5. Objectives
• Leverage Key Performance Indicators (KPI) to
drive business performance.
• Establish “holistic” view of customers, markets,
and opportunities.
• Institute collaboration throughout organization to
achieve effective analytics.
• Access to consistent planning data that allows for
informed decision-making.
• Develop analytical platform that helps organization
adapt to change.
KPI’s such as…
Costs Per Claim,
Policy Sales Growth
Avg. Time to Settle By Policy Type
Customer Satisfaction
Across LOB’s such as…
Property & Casualty
Accident & Health
Surety
Life
Worker’s Comp

6. Challenges with Excel
Challenge
• Prone to Error
Issue
• 88% of spreadsheets have errors –
Market Watch
Need
• Information that is accurate and
consistent
Excel-based Solutions
Excel provides flexibility and ease-of-use, however…

7. Challenges with Excel
Challenge
• Manually Intensive
Issue
• Analysts spend more time pulling
data together instead of analyzing it.
Need
• More time to analyze information
and work on alternative course of
action.
Excel-based Solutions
Excel provides flexibility and ease-of-use, however…

8. Challenges with Excel
Challenge
• Not Easily Shared
Issue
• Excel can’t efficiently store
magnitude of data needed to
analyze the business.
Need
• Scalable solution that provides
“One Version of the Truth.”
Excel-based Solutions
Excel provides flexibility and ease-of-use, however…

9. Challenges with Legacy Systems
Finance Operations Customer
---- Legacy Systems ----
Information in Silos
Challenge
• Lack of Variance Reporting
Issue
• Inability to compare Actuals to
Budget
Need
• Analyze information
Lines of Business
Property & Casualty
Accident & Health
Surety
Life
Worker’s Comp
By:
Products
Customer Segment
Geography
Year over Year
Scenarios (What if)

10. Challenges with Legacy Systems
Challenge
• Difficult to Develop Budget
Issue
• Struggle to Integrate and
Consolidate Information
Need
• Integrate data
Claims
by Customer
Premiums
by LOB
Underwriters
by Territory
Finance Operations Customer
---- Legacy Systems ----
Information in Silos

11. Challenges with Legacy Systems
Challenge
• Difficult to Forecast and perform
What-if Analysis
Issue
• Inability to Adapt to Change
Need
• Ability to Adapt to Issues like:
- Impact to Claims due to Catastrophic event
- Changes in Insurance Regulation
- Introducing New Products to counter competitive threats
- Costs of adapting new technology (mobile, etc.)
Finance Operations Customer
---- Legacy Systems ----
Information in Silos

12. Solution
Finance Operations Customer
Legacy Systems –
Reside in silos that
is inflexible &
requires IT
Excel – Prone to error,
high maintenance and not
scalable?

13. Solution
Finance Operations Customer
---- Legacy Systems ----
Scalable, low
maintenance and
industrial strength
solution
Flexible, Consolidates
Disparate Data and
Managed by business
users

14. And…
Scalable, low
maintenance and
industrial strength
solution
Flexible, Consolidates
Disparate Data and
Managed by business
users
Users access
solution through
Excel
No Learning Curve!

15. InnovusINSIGHT for Insurance
Purpose-built solution for Insurance Industry.
FinanceOperationsCustomer
Client Data
Documentation
Data Mapping
Automation
Insurance
Financial
Planning
Consolidation
Application
Input Templates
Summary Reports
User Task Lists
Oracle Planning & Budgeting Cloud Service
- Planning solution
custom-tailored for
insurance industry.
- Template design
for fast deployment
and quick time-to-
value.
- Innovus’ flexible
design insures
application adapts
to client’s future
needs.

16. Innovus Insurance Planning Consolidation Solution
Page 16
Step
1
Step
2
Step
3
PLAN
Gross Written
Premium
PLAN
Losses
Planning Workflow
Revenue
Expense
Cap Ex, etc
Revenue Example
DERIVE
Ceded Premiums
DERIVE
Earned Premiums
DERIVE
Loss Reserves
Next Step: Confirm and Complete Calculations

17. InnovusINSIGHT for Insurance

18. Oracle Planning & Budgeting Cloud Service
Overview
• Intuitive and easy to use Excel interface.
• Handles large data sets and complex calculations.
• Supports rolling forecasts and management reporting.
• Flexible workflow for planning processes.
• Leverages Oracle’s powerful Cloud security.
• Application diagnostics simplifies administration.
• Built-in online help/tutorials.

19. Overview
• Map Client Data into Planning Application.
• Financial Planning Consolidation Application Template for Insurance.
• User Tasks Lists provide workflow to planning processes.
• Input Forms for collecting revenue, expense and key metrics from
Line of Business users.
• Summary Report Package includes Income Statement, Balance Sheet,
Cash Flow and Key Ratio reports.
• Provides formal application documentation and automation.
InnovusINSIGHT for Insurance

20. Oracle Planning & Budgeting Cloud Service
Benefits
• No CAPEX infrastructure investments.
• Virtually no learning curve.
• Owned by business users - minimal IT resources required
• Flexible deployment options.
• Mix and move between deployment models as business needs
change.
• Evolve from disconnected spreadsheets, driving planning beyond
finance across enterprise.

21. Overview
• Agile development methodology gets user buy-in early insuring project
success.
• Quickstart package helps clients deploy solutions in weeks, not months
providing rapid time to value.
• Quickstart package lowers implementation costs and reduces risks with
its structured and standardized approach.
• Focused solution offers rich planning and analytics specific to Insurance
industry such as Loss Triangle reporting, calculating liquidity minimums
required by statutory agencies, Cash on Revenue collections, and
disbursement of claim payments.
InnovusINSIGHT for Insurance

22. Page 22
Starter Package includes
Innovus Insurance Planning Consolidation Solution
• Mapping of Customer Data to Application
• Financial Planning Application
• Summary Report Package
o Income Statement
o Balance Sheet
o Cash Flow
o Key Ratio Report
• Planning Consolidation Input Forms
o Revenue
o Expense
o Workforce Planning
• Documentation
• Application Automation

23. Q&A

24. RJ Linehan
Managing Partner
Rj.linehan@innovuspartners.com
917.509.2107
Steve Litt
Managing Partner
Steve.litt@innovuspartners.com
201.819.8367
www.innovuspartners.com
Please complete the session and overall
meeting evaluations