IFRS 17 Solution

Nimble Reporting for Rapid, Repeatable IFRS 17 Compliance

Comprehensive IFRS 17 solution: gather, calculate, report
Powerful cloud-based technology deployed in weeks not months
Automated, repeatable data management with flexible reports

The International Financial Reporting Standard 17 (IFRS 17) will go into effect in 2023, establishing internationally consistent accounting for insurance contracts.

Learn more about IFRS 17 compliance in our brilliant Compliance Series:

Streamlined & Simplified

The groundbreaking product enables quick definition and implementation of all applicable IFRS-17 methodologies, including General Measurement Model, Building Block Approach, Premium Allocation Approach and others.

  • Comprehensive solution

    Combines data-gathering workflows, a master data hub, a calculation engine, and analytics, reporting and visualization tools into a single platform.

  • Agile collaboration

    Executes multiple concurrent data management workflows across hierarchical teams, with comprehensive change documentation and controlled reporting, editing, analysis and sign-off tasks based on user roles.

  • High data quality

    Provides real-time data validation at all reporting and analysis levels, with formula drill-down to original inputs.

  • Automation

    Enhances user productivity via continuous, automated processes providing consistent task repeatability, delegated data management, and centralized aggregation for business process reporting.

  • SaaS-Plus Product

    Delivers all needed functionality out of the box but with easy customization thanks to cloud-powered Software-as-a-Service (SaaS) technology. “SaaS-Plus” means customers operate their solution securely in the cloud and receive enhancements automatically throughout the product lifetime.

Unlike high-cost customization of traditional data management products, the Systemorph solution is simple to tailor to a company’s unique reporting needs, all at fixed annual price.

Systemorph showcased the “IFRS17 Lifeboat Approach”

on the first DAV/DGVM e-Jahrestagung 2020 on actuview https://www.actuview.com

With the “Lifeboat Approach” — a 4-week POC to a fix price we can verify your implementation strategy and ensure a timely delivery of your IFRS17 implementation project.

Learn how to master the common implementation challenges and use the best practices to succeed in IFRS17 implementation.

Our breakthrough technology is so adaptable and easy to configure, we offer a Four Week Proof of Concept that is operational with your real-world data, producing immediately usable results.

This revolutionary approach to data management and reporting is made possible by Systemorph’s groundbreaking Vertex Platform .

In addition to IFRS 17, Systemorph can automate and simplify all types of reporting tasks. Learn more about our Financial Reporting solutions.

Vertex harnesses the power of modern cloud technology to simplify and streamline data management and reporting operations

What Is SaaS-Plus? How Does it Revolutionize Data Management?

The Vertex platform and our products are SaaS-Plus solutions. That means your data management system will be future-proofed, your costs are predictable, and the solution evolves as your data management needs change.