IFRS 17 Comply Demo Live: General Insurance – January 20th

Join our product experts for a free IFRS 17 Comply demo
January 20, 2021 10:00am - January 20, 2021 11:00am (UK)
Overview
Speakers

Join us on 20th January 2021 for our LIVE 60 minute demo of our leading IFRS 17 accounting solution – IFRS 17 Comply. The demo provides a high-level snapshot of the base-line functionality including how data is brought in, how the IFRS 17 calculations are performed, how accounting transactions are generated and the relevant disclosures and other reports are produced.

IFRS 17 has been the biggest regulatory change impacting General Insurers for decades. Under the standard, GIs will need to change how they report their liabilities. How they recognise profit over time will radically change due to new best estimate valuation requirements. Traditional measures and terms that GIs are familiar with will disappear, such as GWP and Unearned Premium Reserve. GIs will need to report new items in the Income Statement and new Disclosures specific to the measurement model they select. General Insurers will need to assess their product offering and decide which measurement model to follow, the GMM/Building Block approach or the PAA approach, or a combination of both. Under both models new calculations and new sets of data at increased levels of granularity will be required.

Aptitude Software has been implementing IFRS 17 for GIs globally since 2018. Our IFRS 17 Comply offering can solve these problems for you and give you a clear path to fast IFRS 17 implementation.

Can’t make this one – click below to register for one of the next live IFRS 17 Comply demos.

Brian Heale
Senior Insurance/IFRS 17 Consultant, Aptitude Software
Brian Heale is a Senior Functional Solution Consultant at Aptitude Software and an insurance/ Solvency II/IFRS 17 specialist. He has a deep understanding of the interplay between technology, regulation and insurance and brings years of practical expertise. He has in-depth knowledge of the life and pensions business coupled with comprehensive understanding of enterprise technology in relation to the development and implementation of core administration, actuarial/risk modelling systems and Solvency II/IFRS 4 programs. Brian has worked with a number insurance companies across the world on both a permanent and consultancy basis and has run administration and sales divisions. He also and has considerable experience of strategic planning and analytics in the insurance market. ... Read more
Georgios Anagnostopoulos
Presales Engineer
Georgios Anagnostopoulos is a Presales Engineer at Aptitude Software. He has years of experience designing and delivering our solutions to clients and is a specialist of Aptitude IFRS 17 Comply and Aptitude Lease Accounting Engine. ... Read more