Insurers that have portfolio management software are able to prioritize which business drivers spread across their vast enterprise are prime for additional funding requirements and which drivers might have to be scaled back from a capital investment standpoint.The solution is able to look at multiple businesses across the enterprise, plugging in a number of internal variables that drive the analytics. Business drivers at most companies range on a scale from those that enhance revenue to those that foster cost-savings. In the ebb and flow of corporate decision-making, priorities are apt to change on a quarterly or even bi-annually basis-if not more frequently.
With operating silos in place, it's difficult for insurers, especially larger ones, to obtain an enterprise view and to visualize how its businesses all work in conjunction with one another-not just in isolation.
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