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Your IFRS17 solutionOnly one click away!
Is it possible to start with IFRS17 today and still be on time to see your financial results? Yes, with the Systemorph Cloud (SMC) IFRS17 Calculation Engine you can.
Difficult to believe?
Then just try it yourself, it’s literally one click away.
SMC IFRS17 TemplateYou do not start from scratch.
We provide a standard working IFRS17 template that can be used immediately. Explore all the available features and play with the examples we have prepared. Or just create your own copy and import your data to see what your numbers look like.
With our IFRS17 out-of-the-box template you have a great basis to start with. Adapt it easily to your specific data situation and your actuarial methodology.
SMC Calculation EngineThe only open source IFRS17 implementation on the market.
The SMC IFRS17 Solution implemented on SMC technology is the first and only professional open source IFRS17 solution worldwide. Full transparency, control, and flexibility to be adjusted to your needs.
You will not only access specifications and actuarial documentation but also the full source code. Moreover, you can extend and adapt the standard solution to fulfill your needs. And all it takes is to register in the SMC portal.
Modular and end-to-end
The SMC IFRS17 Solution is modular and covers all critical aspects of an IFRS17 implementation. You may use it end-to-end or simply pick and choose the functionality you need to achieve a professional IFRS17 business application. See some of our examples:
How to begin
All you need to start is to register in the SMC Portal. The SMC IFRS17 Solution is included in any subscription plan without any additional costs.
Yes, it is entirely for free.
And you are not alone.
We have a team of IFRS17 experts available to support upon request.
Meet the team.
Use cases for the SMC IFRS17 solution
IFRS17 Accounting Solution
- Import your data and calculate your:
- Present Values
- Risk Adjustment
- CSM/LC and
- the Financial Performance.
- Analyze and understand your financials.
- Produce your Accounting Events.
IFRS17 C-Level Reporting
- Real-time and interactive reporting anywhere.
- Free yourself from your static and error-prone manual workflows.
- Preconfigured data models ensure a high level of automation and navigation.
- Create the reports you need in an intuitive and flexible way.
- Use our dynamic and navigable reports in your favorite tools.
Solve Specific IFRS17 Problems
- Import and transform input data using an intuitive business language.
- Compute Present Values and Analysis of Change steps.
- Allocate / Aggregate data to the desired granularity of your Group of Contracts (Unit of Account).
- Create intuitive reports for detailed analysis on the fly.
- Compute projections and sensitivities.
IFRS17 Test and Benchmark Engine
- Have a second implementation and compare all calculations with the results you already have.
- Write numerical tests for your systems.
- Create a robust fallback alternative to avoid unpleasant surprises.
IFRS17 Business Insights and Steering
- Define scenarios and compare them to your reference IFRS17 best estimate.
- Forecast your business under IFRS17.
- Performance Management
- Business Planning
- Forecast IFRS17 Financials
- Liquidity Management
- Risk Budgeting
We’ve revolutionized the way IFRS17 is built.
We offer the simplest, fastest to implement and most flexible IFRS17 software solution. Experience enterprise-grade functionality without the usual implementation time, cost, or risk.
The SMC IFRS17 Solution is comprehensive, end-to-end and cloud-native. It delivers all needed functionality out of the box and allows for easy customization.
The implementation interface is based on SMC Notebooks and allows users to mix prose texts, formulae, and numeric examples in one place, ensuring business rules are transparent, and specifications can be understood by multiple departments from technical to business.
Streamlined & Simplified
Our ground-breaking product suite enables quick definition and implementation of all applicable IFRS17 methodologies.
Combines data-gathering workflows, a master data hub, a calculation engine, smart analytics, reporting and visualization tools into a single platform.
High Data Quality
Enhances user productivity via continuous, automated processes providing consistent task repeatability, delegated data management, and centralized aggregation for business process reporting.
Systemorph continuously innovates the product suite according to client feedback. All clients working with it in the cloud automatically profit from our technical updates.
Systemorph in 1 minute
Systemorph was selected as our trusted partner to develop the technical IFRS17 solution of YOUPLUS. Through this partnership we benefit from direct and effective collaboration with their team which has deep knowledge of the insurance business. Combined with Systemorph’s proprietary cutting-edge technology, we feel confident in being able to fulfil the IFRS17 requirements.
Program Lead IFRS 17/9,
Since 2019, Baloise has been building on its cooperation with Systemorph for the development of a comprehensive IFRS17 calculation engine, which will be used productively from 2023.