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A fourth-year win for Aptitude in the Chartis Research 2024 RiskTech100® IFRS 17 – Accounting Systems Category

Chartis Research acknowledges excellence and solution maturity in the 2024 RiskTech100 report
November 14, 2023
Jay Tocco

For the fourth consecutive year, Aptitude Software has proudly maintained its position as a category leader in IFRS 17 – Accounting Systems category in the 2024 RiskTech100® Report, released by Chartis Research. RiskTech100® is globally acknowledged as the go-to place for clear, accurate analysis of the risk technology marketplace. This esteemed acknowledgment underscores the continued excellence of our IFRS 17 solutions and is a testament to the dedication of our team and the unwavering support of our clients.

We extend our gratitude to our IFRS 17 clients who supported our application process and offer special thanks to our Product Owner, Natalie Foster, and the entire product team for their relentless commitment to innovation and quality.

Chartis Research, the preeminent authority on risk technology, recognizes the maturity of Aptitude Software’s IFRS 17 solutions. They specifically commented on the depth of insurance-specific accounting intellectual property, as well as the high level of automation, processing and reporting capabilities inherent in the offerings.

Aptitude’s IFRS 17 Solution stands as the pinnacle of maturity in the market, consistently chosen by a multitude of global insurers, among them Aviva, Great Eastern Life, RBC, Transamerica, and other industry leaders. Noteworthy differentiators include an extensive 20-year repository of built-in, insurance-specific intellectual property, covering calculations, business events, processes and templated FRS 17 disclosures. These elements collectively expedite and de-risk the implementation process.

Aptitude IFRS 17 Comply represents a streamlined, pre-configured iteration of the comprehensive Aptitude IFRS 17 Solution. Tailored for insurers seeking an expeditious and standardized route to IFRS 17 compliance, this solution concurrently lays the groundwork for future transformative endeavors. Among the distinguished clients leveraging this solution are Hollard Insurance Company, wefox, and other forward-thinking industry entities.

This recognition from Chartis Research reaffirms our commitment to excellence and innovation. It reflects the outstanding work carried out by our Product & Development Teams and the exemplary project implementation delivered by the Aptitude Professional Services Team members. Together, we continue to empower our clients to navigate the complexities of IFRS 17 compliance with confidence.

About Chartis Research:

Chartis Research is the forefront provider of research and analysis in the global risk technology market. As part of Infopro Digital, a conglomerate owning market-leading brands such as Risk and WatersTechnology, Chartis aims to support enterprises in enhancing business performance through improved risk management, corporate governance, and compliance. The RiskTech100® report, globally acknowledged as the most comprehensive independent study, utilizes a robust methodology to rank the top 100 risk technology providers, identifying leaders in specific risk and compliance categories.