Insurers' Financial Planning & Analysis (FP&A) functions are under increasing pressure to deliver faster, more forward-looking insights in a complex and rapidly changing environment.
This paper sets out the current state of FP&A across the insurance industry, highlighting common planning and forecasting challenges, operating model considerations and technology limitations. It also explores the emerging practices, capabilities and value enablers that are helping leading financial institutions improve decision-making through integrated planning, predictive forecasting, AI-enabled analytics and stronger business partnering.
Leveraging our market leading practices and deep insights, this is the first in KPMG's Insurance FP&A thought-leadership series. Our next edition will dive into assessing how continuous planning, AI-enabled forecasting and changing workforce models are expected to reshape the Insurance FP&A by 2030.
Building the Insurance FP&A Function of 2030
Emerging practices and potential value enablers for the insurance industry to help reshape FP&A function by 2030.
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