Enterprise Risk Management Technology Guide 2024/25

Sinalys - CALFITEC

Type of System

  • Asset/liability management
  • Capital modelling
  • Data management
  • Economic / risk scenario generator
  • End-to-end ERM
  • Environmental, social and governance
  • IFRS 17 solution
  • Internal/external reporting
  • Operational risk management
  • Reserving solution
  • Solvency II solution
  • Stress and scenario testing
  • IAS 19
  • sub-ledger, CSRD

Type of platform

  • Cloud
  • SaaS
  • Server-based
  • Web-based

Other features - does your offering facilitate

  • NAIC Principle-based reserving
  • NAIC RMORSA
  • Solvency II internal model
  • Solvency II standard formula

What are the typical implementation costs?

Two pricing approaches to implement IFRS 17 for a tactical solution are available :

  • A package of €300,000 excluding VAT for 6 months of use of our cloud sandbox, including 30 days of support.
  • The solution rental for €50,000, excluding VAT per month, for a minimum 3-month subscription renewable once by tacit agreement at the same cost. The support services are proposed on a direct basis at a rate of €1,300 excluding VAT per day of service.

These prices correspond to a medium insurance group. 

 

How long does your software take to implement on site?

We consider a six-month project for a single entity. The access to Calfitec with its IFRS 17 module is available 10 days after signing the contract.

Please name companies that use the system/solution

SPIRICA, GROUPAMA, AG2R LA MONDIALE, GROUPE PASTEUR MUTUALITE, MILLEIS and UNEO

Do you have an open API?

Yes

Contacts

Email: [email protected]

Guide entries by Sinalys