IFRS 17
IFRS 17

IFRS 17

The Analitica IFRS 17 Suite is a comprehensive out-of-the-box solution that automates the critical functions of input data governance, calculations of IFRS 17 measures for all three valuation approaches (BBA, PAA, VFA) and accounting to support compliance with IFRS 17 requirements for insurance and reinsurance companies.

The user workflow is fully automated and transparent, and it enables actuaries and finance departments to focus on their business missions of analyzing the results of each step of a calculation sequence and managing and reporting financial figures. Furthermore, it is a perfect add-on to existing insurance/ERP systems; the Suite requires contracts’ data, actual cash flows, and actuarial cash flow projections originating within existing systems as input data and provides postings to a general ledger as output data.

More information is available in the IFRS 17 brochure.