Companies are now aware of IFRS17 and its impact on their business while assessing required changes to their IT infrastructure.
- Separation of contracts not deemed “Insurance Contracts” under IFRS17
- Categorising contracts by IFRS17 Cohort and Valuation Model
- Calculation of contract boundary
- Identification of retroactive contracts
All this data can be exported in any format – either mapped to a specific valuation engine or as a generic export. We have engaged with a number of recognised IFRS17 Valuation Engine suppliers to ensure this process is as seamless as possible for our partners.
Eurobase is further supporting this via synergy2’s Machine Learning module to provide analysis, forecasting and benchmarking of premium to provide a continual yardstick of premium valuation whether for IFRS17 or other MI purposes.
synergy2 is able to integrate with any IT landscape - either as a central platform or part of a broader architecture incorporating data lakes, micro-services or data analytics. Therefore, whatever your plans for IFRS17, or wherever you are in the journey of executing those plans, Eurobase and synergy2 are able to help ensure you are ready.
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