Line of business and channel expense

Insurance

Acquisition, underwriting and claims handling cost sit in shared departments. ProfitKeel moves them to the lines, products and channels that consume them.

Questions you can answer

What does it cost to acquire and service a policy in each channel?
Which lines of business carry more than their share of claims handling?
How do broker and direct channels compare after expenses?

How the model is shaped

LedgerUnderwriting, claims, distribution and support cost centers.
Function poolsCost grouped by function.
ActivitiesUnderwriting, claims handling, policy servicing, acquisition.
Lines and channelsLanded on product and channel for a management P&L.

Typical cost objects

Line of businessProductPolicyDistribution channelRegion

Typical drivers

Policies in forceClaims handledPremium writtenUnderwriting hoursService calls

Use cases

Product and SKU profitability Channel profitability Activity-based costing Customer profitability Month-end management P&L What-if and budget scenarios

Who uses it

CFO and finance director FP&A Product and category managers Cost and management accountant Financial controller Internal audit and risk

Allocations are management allocations. Statutory and regulatory expense reporting stays in your existing process.

See your own cost structure in ProfitKeel.

Request a demo