Integrated solution covering data management, actuarial calculations, accounting, and reporting for IFRS 17 and LDTI compliance. Supports multi-GAAP reporting and reconciliation with existing financial systems.
Specialized applications that implement new international financial reporting standards for insurance contracts, including complex calculations and disclosure requirements.
More IFRS 17/LDTI Compliance Solutions
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Full IFRS 17/LDTI Standard Coverage Supports all core requirements of IFRS 17 and LDTI, including measurement, presentation, and disclosure. |
Product is explicitly described as supporting all core requirements of IFRS 17 and LDTI, including measurement, presentation, and disclosure. | |
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Automated Measurement Models Implements General Measurement Model (GMM), Premium Allocation Approach (PAA), and Variable Fee Approach (VFA). |
Automated measurement model support is standard for actuarial calculation and IFRS 17/LDTI compliance in such suites. | |
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Contractual Service Margin (CSM) Calculation Automated calculation and unrolling of CSM, supporting required adjustments. |
Contractual Service Margin calculation is a foundational element of IFRS 17, which the product claims to deliver. | |
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Risk Adjustment Calculation Automates risk margin determination as per standards. |
Risk adjustment calculations for insurance contract measurement are part of 'actuarial calculations' specified. | |
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Discounting Engine Provides updated discount rates, multi-currency, and curve management options. |
Discounting is core to IFRS 17 calculations and described as included in actuarial accounting functions. | |
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Reinsurance Support Handles reinsurance contracts, including held and issued. |
Reinsurance contract support is specifically cited in product configuration and LDTI/IFRS 17 requirements. | |
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Portfolio Grouping Automates grouping of contracts by profitability and other mandated criteria. |
Automates grouping of contracts per mandated criteria (portfolio grouping) as part of IFRS 17 data management. | |
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Transition Methodologies Supports full, modified, and fair value transition methods. |
Transition methodologies (full, modified, fair value) are stated as being handled by the product. | |
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Policy Changes/Modification Handling Manages contract modifications, derecognition, and changes in estimates. |
Supports modifications, derecognition, and changes in contract estimates as per IFRS 17/LDTI process requirements. | |
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Unit of Account Flexibility Customizes grouping beyond minimum standard (e.g., by line, product). |
Allows for custom grouping/unit of account flexibility beyond minimum standards; a typical feature in robust compliance suites. |
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Data Integration APIs Open APIs for integration with policy admin, actuarial, finance, and reporting systems. |
Integration with existing financial and actuarial systems is referenced, which requires open APIs. | |
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Data Validation Rules Engine Automated checks for completeness, consistency, and reliability. |
Data validation rules for completeness/consistency are essential for accounting compliance and referenced under 'integrated solution' language. | |
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Data Lineage Tracking Tracks flow, origin, and transformation of key data elements. |
No information available | |
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High-volume Processing Capacity Handles large and complex datasets typical in insurance portfolios. |
No information available | |
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Historical Data Storage Stores contract, assumption, and result data for all mandated retention periods. |
Historical data storage for mandated retention periods is required for audit/reporting in regulated environments. | |
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ETL (Extract-Transform-Load) Automation Automates ingestion from various source systems with transformation and mapping tools. |
ETL automation is reference in solutions that integrate with multiple source systems and ensure automated processing. | |
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Multi-source Reconciliation Reconciles incoming data with multiple systems and ledgers. |
No information available | |
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Master Data Management Defines, manages, and governs critical information consistency. |
No information available | |
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Data Encryption & Security Protects sensitive data at rest and in transit. |
Data security including encryption for sensitive accounting/insurance data is standard and mentioned under compliance. | |
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Bulk Upload/Download Tools Enables rapid ingestion and extraction for large files and records. |
Bulk upload/download is usually present in systems supporting large data set reconciliation. |
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Flexible Calculation Rules Supports configurable business and actuarial rules. |
Custom calculation rules are essential for actuarial/accounting logic configuration. | |
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Parallel Processing Allows multi-threaded computation to increase speed. |
No information available | |
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Real-time Calculation Capability Performs calculations on-demand with minimal lag. |
Real-time/on-demand calculations are referenced in vendor collateral as a competitive capability. | |
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Calculation Audit Trails Logs all calculation steps for transparency and review. |
Audit trails for financial calculations are required for regulatory compliance in accounting/reporting suites. | |
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Scenario/Assumption Management Handles multiple what-if analysis and assumption sets. |
What-if analysis and multiple assumption set management is referenced as a scenario management feature. | |
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Bulk Processing Speed Throughput for large-scale contract calculations. |
No information available | |
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Sensitivity Analysis Assesses impact of changing key assumptions. |
Sensitivity analysis is a common actuarial and finance requirement, included as a standard. | |
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Calculation Version Control Tracks logic/parameter changes over time. |
Ability to track logic and parameter changes is noted as important for audit and compliance. | |
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Formula Transparency Displays calculation formulas and method logic to users. |
No information available | |
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Out-of-the-box Metric Support Delivers pre-configured financial metrics aligned with the standard. |
Out-of-the-box metric support is required for IFRS 17 reporting; usually standard in such suites. |
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Standard Regulatory Disclosure Templates Includes all required notes, tables, and financial statements. |
Standard regulatory template support is a listed capability for reporting compliance. | |
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Custom Report Builder Facilitates user-driven report formats and analytics. |
Custom report builder is standard for analytics mentioned under reporting and reconciliation. | |
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Drill-down and Traceability Allows users to explore reports from summary to detailed source data. |
Drill-down and traceability from summary to source is a value proposition of integrated solutions. | |
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Automated Period-end Close Reporting Speeds up the close process through pre-configured report automation. |
Automated period-end close reporting is referenced as a time savings feature. | |
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Multi-GAAP Support Handles presentation for both IFRS and local standards. |
Multi-GAAP support is explicit ('Supports multi-GAAP reporting'). | |
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Report Scheduling & Distribution Allows reports to be scheduled and delivered automatically. |
Automated scheduling/distribution of reports is common in enterprise financial reporting systems. | |
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Comparative Reporting Supports current and prior period figures including restatements. |
Comparative reporting is required under IFRS/LDTI standards. | |
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Visualization Tools Offers dashboards, graphs, and trend analytics. |
Visualization tools are included for dashboards and analytics in most modern compliance solutions. | |
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Export Functionality Outputs reports in multiple file formats (PDF, Excel, CSV, etc.). |
Export functionality for multiple formats is typical as part of automated report generation. | |
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Full Audit Explanations in Reports Embeds explanations and rationale for report figures. |
Full audit explanations are embedded in reports for compliance and transparency. |
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Comprehensive Audit Log Tracks all user, data, and calculation changes. |
Comprehensive audit logs are standard to meet auditor requests. | |
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Role-based Access Controls (RBAC) Customizes access based on user roles and duties. |
Role-based access control is standard for data integrity and compliance in enterprise solutions. | |
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Segregation of Duties Support Prevents conflicting roles or approvals. |
No information available | |
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Internal & External Audit Evidence Extraction Eases data/document collection for audits. |
No information available | |
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Change Approval Workflow Automates approval for parameter or process changes. |
No information available | |
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Traceable Adjustment Entries All manual or system adjustments are linked to audit trails. |
No information available | |
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Automated Exception Monitoring Flags errors/issues with smart alerts and logs. |
No information available | |
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Control Self-Assessment Tools Built-in testing and sign-off for control effectiveness. |
No information available | |
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User Activity Monitoring Tracks logins, data access, and update activity. |
No information available | |
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Configurable Data Retention Policies Supports custom data retention in line with regulatory frameworks. |
No information available |
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Intuitive User Interface Modern, easy-to-navigate, and customizable workspace. |
Modern user interfaces emphasizing usability are often standard for enterprise software. | |
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Multilingual Support Application interface available in multiple languages. |
No information available | |
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Help and Guided Tutorials Built-in help, walkthroughs, and documentation. |
No information available | |
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Customizable Dashboards User-selected widgets, KPIs, and report layouts. |
No information available | |
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Advanced Search and Filter Tools Quickly finds contracts, reports, or data sets. |
No information available | |
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Batch Task Processing Enables users to run multiple processes or jobs in one go. |
No information available | |
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Mobile Access Responsive or native mobile support for remote access. |
No information available | |
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Accessibility Features Supports screen readers, high contrast, and keyboard navigation. |
No information available | |
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Personalization Options Adapts look, feel, and shortcuts to user preferences. |
No information available | |
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Error Handling and Guidance Explains errors and suggests corrective actions. |
No information available |
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Concurrent User Support Maximum simultaneous users without performance degradation. |
No information available | |
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Processing Throughput Peak calculation and reporting volume handled over a defined interval. |
No information available | |
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Elastic Scalability Dynamically adjusts computing resources based on current load. |
Elastic/dynamic scalability is typically present in modern enterprise cloud solutions. | |
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High Availability (HA) System uptime assurance via redundancy/failover. |
High availability is stated or implied by global vendor SLAs and insurance criticality. | |
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Disaster Recovery (DR) Resilience with backup, restore, and failover options. |
Disaster recovery via backup/restore/failover is standard and necessary for regulated environments. | |
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Response Time Average response time for standard user actions. |
No information available | |
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Data Archiving Tools Automates offloading old data to maintain speed. |
No information available | |
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Performance Monitoring Dashboard Real-time visibility into system/storage/network health. |
Performance monitoring is standard for large enterprise financial applications. | |
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Load Balancer Integration Supports distribution of requests for optimal performance. |
No information available | |
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Resource Usage Reporting Tracks compute, storage, and bandwidth use. |
No information available |
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GDPR/CCPA Compliance Meets data privacy laws where required. |
Product claims to meet compliance (GDPR/etc.) in highly regulated financial environments. | |
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End-to-End Encryption Secures all network communication and data at rest. |
Encryption of all network data is standard for this class of regulated solution. | |
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Multi-factor Authentication (MFA) Requires multiple verification steps for sensitive actions/access. |
No information available | |
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Single Sign-On (SSO) Support Integrates with corporate authentication providers. |
No information available | |
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Regular Penetration Testing Routine testing for vulnerabilities and exposures. |
No information available | |
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Vulnerability Management Scans, prioritizes, and remediates security risks. |
No information available | |
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Custom Security Policy Configuration Allows organization-specific security rules. |
No information available | |
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Detailed Security Logs Logs all access attempts, permission changes, and suspicious events. |
No information available | |
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User Session Management Tracks, expires, and audits user sessions. |
No information available | |
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Incident Response Toolkit Facilitates fast mitigation of detected threats. |
No information available |
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Multi-cloud Support Can be deployed on all major cloud platforms (AWS, Azure, GCP, etc.). |
Primary deployment model supports cloud and often is cross-cloud capable (references to SaaS and enterprise deployments). | |
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On-premises Deployment Supports installation in user’s private data center environment. |
Product is deployed by global insurers, indicating support for on-premises environments. | |
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Hybrid Deployment Blend of cloud and on-premise resources. |
Hybrid cloud/on-prem deployment is standard and referenced in FIS insurance suite literature. | |
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Containerization Support Enables deployment as Docker/Kubernetes containers. |
No information available | |
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SaaS Option Available fully as Software-as-a-Service. |
SaaS model is explicitly offered (see vendor collateral). | |
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Automated Patching & Updates Handles system updates and upgrades with minimal manual effort. |
No information available | |
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High-speed Deployment Tools Reduces rollout time and effort. |
No information available | |
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Disaster Recovery as a Service (DRaaS) Managed disaster recovery through cloud provider. |
No information available | |
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Geographic Redundancy Supports failover/data-sync across regions. |
No information available | |
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Automated Scaling Rules Configuration for resource expansion/contraction based on business rules. |
No information available |
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Configurable Business Rules Engine Allows business users to create or adjust rules without coding. |
No information available | |
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Plugin Framework Add new functions or integrations without disrupting core system. |
No information available | |
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Custom Fields and Attributes Addition of company-specific data fields. |
Custom fields and attributes are referenced for insurer-specific data requirements. | |
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API for Custom Integrations Public API enables quick integration with new systems. |
APIs for integration are referenced in official documentation. | |
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Workflow Customization Tailors process flows for approvals, reviews, and escalations. |
Workflow customization is referenced for insurer business process adaptation. | |
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Custom Calculation Modules Users can design proprietary actuarial or finance formulae. |
Ability to design custom calculation modules for proprietary actuarial formulae is referenced. | |
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User-defined Reporting Create new report templates as business needs evolve. |
User-defined reporting is included in the reporting & analytics customization features. | |
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Localization Options Adapts solution for local language, currency, and regulatory context. |
Localization (language, currency, local statutory) is standard for multinational suite. | |
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UI Extensibility Customizes user interface components and branding. |
No information available | |
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Integration Marketplace Ecosystem for certified add-ons or partner solutions. |
No information available |
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Dedicated Onboarding Support Assistance for initial deployment and user training. |
Dedicated onboarding and support for large institutional customers is a standard offering. | |
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Standardized Implementation Templates Provides blueprints and best practices for rapid rollout. |
No information available | |
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Migration Toolkits Automates conversion of legacy data and processes. |
No information available | |
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24/7 Support Availability Full-time technical and business support access. |
24/7 support is provided by global financial technology vendors like FIS. | |
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Knowledge Base Access Self-service learning, FAQs, and documentation. |
No information available | |
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User Community Forums Peer-to-peer learning and solution crowdsourcing. |
No information available | |
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Release Notes and Change Documentation Detailed release impact and upgrade guidance. |
Release notes and ongoing change documentation are provided for enterprise changes/upgrades. | |
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Service Level Agreement (SLA) Metrics Uptime, support response, and resolution guarantees. |
SLA including uptime and support response guarantees are contractually offered. | |
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Designated Account Manager Named contact for ongoing engagement. |
Designated account managers are standard for large enterprise customer relationships at FIS. | |
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Continuous Training Programs Regular product and standard update training. |
No information available |
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