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IFRS 17 Solution Suite

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About IFRS 17 Solution Suite

IFRS 17 Solution Suite is a compliance software from Systemorph designed for the insurance industry. It provides features such as financial reporting, risk management, and data analytics so organizations can meet the requirements of the IFRS 17 standard. The solution helps insurers manage their financial data effectively, ensuring compliance with regulatory mandates. It also supports automation of reporting processes, which reduces manual effort and potential errors. Key capabilities: financial reporting risk management data analytics compliance tracking integration support Best for: insurance companies that need to comply with IFRS 17 regulations.

IFRS 17 Solution Suite Details

Vendor
Systemorph
Year Launched
2011
Location
bellerivestrasse 5, 80008 Zurich
Deployment
cloud
Training Options
documentation, videos, live online, in person
Countries Served
All Countries
Languages
English
Users
Insurance Banking Wealth Management Re-Insurance Private Banking Life Insurance P&C Insurance Health Insurance
Industries Served
Healthcare, Education, Finance, Retail, Manufacturing, Government, Telecommunications, Hospitality, Transportation, Energy
Tags
Enterprise Software, Data Science, Solvency II, IFRS, and Swiss Solvency Test, Data Warehousing, Community, Interactive Notebooks, Application building, Business Processes, Cloud Native Applications, Collaboration, IFRS17, IFRS 17, Data Management, Template, SAAS, Cloud-based, and Calculation Engine

IFRS 17 Solution Suite's In-App Market Place

Does IFRS 17 Solution Suite have an in-app market place?

Yes

How many Mini-Apps in the marketplace?

0

Mini Apps

Pricing Options

Free trial
Free version
Request a quote
Promo Offer

Accepted Payment Currencies

USD ($), EUR (€), GBP (£), JPY (¥), AUD (A$), CAD (C$)

Pros & Cons

  • 1. Streamlined Compliance: Helps insurers meet the rigorous reporting standards set by IFRS 17 with ease.
  • 2. Automation of Complex Processes: Automates many of the complex calculations and reporting processes, reducing the risk of human error.
  • 3. Increased Transparency: Provides more transparency in financial reporting, which can be beneficial for stakeholders, auditors, and regulators.
  • 4. Scalability: Can be scaled to accommodate the needs of small insurers to large global companies.
  • 5. Integration Capabilities: Integrates with other internal systems, ensuring seamless data flow and consistency across the organization.
  • 2. Complexity of Use: Due to the nature of IFRS 17, the solution suite may require a certain level of expertise to navigate effectively.
  • 3. Ongoing Maintenance: Continuous updates and maintenance are needed to ensure compliance as IFRS standards evolve.
  • 4. Training Requirements: Staff may need training to properly use the system, adding to the time and cost of implementation.
  • 5. Dependence on Data Quality: The solution depends heavily on the quality and accuracy of the underlying data; poor data management could lead to inaccurate reports.

IFRS 17 Solution Suite's Support Options

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