Because Aladdin natively links all insurance-technical, workflow and accounting information on a cover level, it can provide richer information for management decision making.
Answers to ad-hoc queries such as "how much profit, after taking account of all reserving, was made on blue BMWs driven by drivers over the age of 27 in Cape Town?" are readily available. The integrated data also facilitates actuarial data mining and machine learning across functional lines and ensures that the company can meet ever-evolving regulatory and reinsurer reporting requirements.
Aladdin makes use of a relational database and industry-leading reporting and analysis services, facilitating end-user ad-hoc data mining, customised reports and easy integration to enterprise data warehouses.
The system features a very strong accounting module which can handle complex co-insurance and reinsurance structures, non-risk transfer transactions as well as cell captive and risk financing transactions. It caters for the configuration of sophisticated binders and meets Lloyds coverholder reporting standards to facilitate seemless reporting to the London market.
Click on the links below to view some of the features that enable rich business insights:
