Global Insurance Services: Executive Brief Q4 2020

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Dynamic Planning (DP) -

DP is a paradigm shift from customary business planning.

Dynamic Planning (DP) represents a paradigm shift from traditional business planning. DP is an AI-assisted planning and decision support framework controlled through an easy-to-use dashboard that complements an insurers’ existing planning by enabling insurers to create “what if” scenario analyses regarding a variety of objectives and plans based on application of any combination of internal data; risk-based data and demographic data from data providers; and data from other disparate sources. The system automatically provides users with ranked outcome options from which to make choices that improve performance in line with objectives and plans. DP decreases decision uncertainty and the resources and time to achieve planning results. Used frequently, DP can help insurers stay ahead of competitors in similar markets.

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