Applications > IFRS17

 

I F R S   1 7 
(Initial  measure)

WHAT IS INvSIGHT IFRS17?

The IFRS17 application valuates the portfolio of liabilities (initial moment) following the IFRS 17 regulation.

AT WHOM IS IT DIRECTED?

INvSIGHT IFRS17 is intended to assist the actuarial and financial department to calculate the new amount of the technical provisions with the new standard.

MAIN FEATURES

According to the treatment of the different business-lines, among other characteristics, it is worth mentioning :

Repository
  • Structured Datamart with all the information.
  • Intuitive information loading by means of templates that are based on spreadsheets.
  • The contracts can be grouped at any level required by the entity, including individual.
  • Direct integration with other systems of each company.
Calculations
  • Assessment by the three methodologies:
    • Premium Allocation Approach (PAA).
    • Building Block Approach (BBA).
    • Variable Fee Approach (VFA).
  • Depending on the information loaded, the application automatically chooses the methodology to be used.
  • Evaluation of onerousness, verifying that the division of the groups of loaded contracts fulfills the norm..
Excel reports with the results
  • Valuations of each group by blocks: net cash flows, risk adjustment, fullfilment cash flows, csm, impact on results (onerocity) ...
  • Graphs of Run Off of the Bel, of the csm, ....
Other features
  • Multi-user access according to profiles.
  • Configurable language.

WHAT ADVANTAGES DOES IT OFFER?

  • Huge capacity for simulation and analysis.
  • Simplicity of use and operational agility.
  • Direct integration with INvSIGHT Liabilities.