wtw - RiskAgility FM IFRS 17 Calculation Engine
Type of System
- IFRS 17 solution
Type of platform
- Cloud
- Desktop-based
- Grid
- SaaS
- Server-based
Other features - does your offering facilitate
- IFRS 17
- BBA, VFA or PAA based on standardised actuarial and actual input cashflows and IFRS 17 assumptions
- Country specific VFA realisations for life and multiple RA / OCI calculation approaches
- Pre-mapped to granular WTW accounting framework for detailed reporting and diagnostics
- Out of the box IFRS 17 disclosure, Deep integration incl. end-to-end automation in the broader WTW IFRS 17 enterprise solution
What are the typical implementation costs?
This varies with the scope of the implementation and the complexity of the insurance operation. The out-of-the-box functionality and flexible modelling options limit the need for time-consuming development of bespoke components and dramatically reduce implementation times and costs.
How long does your software take to implement on site?
As for the implementation costs, this depends on the size and complexity of the insurance operation as well as the availability and accuracy of data and assumption inputs.
We have run successful proofs of concepts from data specification, processing of inputs, model selection, calculation, and production of accounting postings in weeks. Total implementation times, across the whole business with complete systems integration, testing, and controls are possible in three to six months and potentially faster.
Please name companies that use the system/solution
Refer to vendor for references
Contacts
Andreas Schroeder
Email: [email protected]