Cost Allocation and Calculation

Justify your allocations to business units

Justify invoice amounts allocated to each business unit. For property lines, provide the sums insured, audit scores, and rates. For liability and casualty lines, provide the business unit’s claim history, loss prevention measures, turnover, number of employees, and other factors.

Streamline and formalize your cost allocations and calculations

Now you can easily run your allocations with the click of a button. 

• Maintain the previous year's settings and results. 
• No lengthy consolidation of data from spreadsheets and other sources. 
• Incorporate any changes with a simple data import and update. 
• Ensure compliance and prepare for audits with clear documentation of the basis for allocations. 

Incentivize proactive loss mitigation

With costs calculated and allocated, you can report the year-on-year variances by region, by business unit, and by line of coverage. This insight will encourage good risk management practices and penalize poor management of risk.