Transfer of Knowledge
Provide the financial know-how of IFRS 17, terminologies, how to move smoothly to IFRS 17, the 3 measurement approaches (BBA, PAA, VFA) and the impact of IFRS 17 of insurance company data, operations and reporting.
IFRS 17 Simulator
is a tool used for the Financial Impact Assessment, used by IFRS 17 3 Wings. This tool enables the Actuary and Finance Wings to conduct multiple trials where each trial presents different actuarial manipulation and financial reporting results for the Client’s data.
IFRS 17 Compliancy Engine (CE)
a tool that lives parallel with client’s core insurance system, after going live with the new standard, to produce the financial reporting based on IFRS 17.
Actuarial Consultancy
this product provides two services: Actuary consultation in gap analysis phase, in addition to the on-going actuarial consultancy after going live with IFRS 17 standard.
IFRS 17 Core Insurance System
a comprehensive core insurance system aligned with IFRS 17, built using most advanced IT standards. Contains all insurance core features: Underwriting, Claims, Re-Insurance, Finance, and others (Archiving, Reporting, Notifications, CRM, …).
Gap Analysis & Financial Impact Assessment
is a report that shows differences between financial reporting generated based on IFRS 4 and the ones generated based on IFRS 17 and assess the financial impact, this report is delivered as a Managed Service by IFRS 17 3 Wings: The Actuary Wing, the Financial Wing, and IT Wing.
Data Acquisition Support
this service is provided for IT team of insurance companies to facilitate extracting needed data from the core insurance system as input to our Simulator, CE, or external tools.