FIS - IFRS 17 Reporting: Insurance Risk and Accounting Suite for IFRS 17
Type of System
- Asset/liability management
- Capital modelling
- Environmental, social and governance
- IFRS 17 solution
- Internal/external reporting
- LDTI solution
- Pricing
- Reserving solution
- Solvency II solution
- Stress and scenario testing
Type of platform
- Cloud
- Desktop-based
- Grid
- SaaS
- Server-based
- Web-based
Other features - does your offering facilitate
- Curve-fitting
- LDTI
- Least-squares Monte Carlo
- NAIC Principle-based reserving
- NAIC RMORSA
- Replicating portfolios
- Solvency II internal model
- Solvency II standard formula
What are the typical implementation costs?
Implementation costs vary depending on the scope of the project. Most new clients moving to our system opt for our managed public cloud service, which makes for a much more streamlined implementation.
For an on-premise installation, costs vary according to how much of the end-to-end suite that a client has licensed and the risks and regulations the firm is looking to meet. Thanks to our extensive actuarial libraries, which cover different insurance and measurement types, as well as an extensive range of regions, clients can build new models very quickly.
How long does your software take to implement on site?
Again, implementation timeframes vary according to the project’s scope and whether the solution is hosted in our managed cloud or on premise. But extensive out-of-the-box functionality and actuarial libraries make it easier for insurers to rapidly deploy our software and develop risk models to meet their IFRS 17 needs.
Please name companies that use the system/solution
Globally, more than 1,000 client sites in over 80 countries use the solution. We do not disclose all of our clients but a range of case studies are available.
Do you have an open API?
Yes
Contacts
Oscar Weafer
Vice President of Solutions Management, Insurance Risk, FIS
Email: [email protected]
