IFRS 17 is more than a calculation.
Insurance organizations must connect policy data through to financial reporting. Most struggle with fragmented processes.
Systemorph replaces fragmented processes with one controlled IFRS 17 platform.
One platform. Every IFRS 17 process.
Connect data management, cash-flow projection, measurement, CSM, risk adjustment, accounting, workflow and reporting in one integrated environment.
Data Management
Ingest, validate and transform insurance data.
Cash Flow Engine
Project fulfilment cash flows from policy data.
Measurement
GMM, PAA and VFA calculation framework.
CSM
Contractual Service Margin lifecycle management.
Risk Adjustment
Non-financial risk quantification.
Discounting
Flexible discount curve management.
Analysis of Change
Movement decomposition and variance analysis.
Accounting
IFRS 17 sub-ledger and journal generation.
Workflow
Controlled financial close process.
Reporting
Financial statements and IFRS 17 disclosures.
Disclosure
Regulatory and management disclosure generation.
Audit
End-to-end traceability and version control.
Measurement
One calculation framework for GMM, PAA and VFA.
One calculation framework for the principal IFRS 17 measurement approaches.
General Measurement Model
The default measurement model. Calculate PV of future cash flows, risk adjustment and CSM.
Premium Allocation Approach
Simplified measurement for eligible short-duration contracts, particularly Non-Life portfolios.
Variable Fee Approach
Support complex participating business with underlying items, investment return and variable fee mechanics.
Manage the CSM from inception to release.
Track contractual service margin through the entire contract lifecycle — initial recognition, subsequent measurement, and coverage-unit based release.
CSM Roll-Forward
Movement Analysis
Understand why your IFRS 17 balances changed.
Decompose movements between opening and closing balances across configurable dimensions.
Analysis of Change
From measurement results to accounting entries.
The IFRS 17 sub-ledger transforms calculation results into accounting events and journal entries. Automated, controlled, auditable.
Data Management
One governed data layer for IFRS 17.
One governed data layer for IFRS 17 — from ingestion through validation to calculation-ready data.
Validate data before it reaches the calculation engine.
Perform configurable data-quality controls before IFRS 17 processing. Detect completeness, validity and referential integrity issues early.
Reinsurance
Manage insurance and reinsurance in one environment.
Manage insurance and reinsurance contracts held within one controlled IFRS 17 environment.
Built for Life and Non-Life insurance.
Life Insurance
Non-Life Insurance
Risk Adjustment
Make uncertainty measurable.
Make uncertainty measurable with configurable risk-adjustment methodologies.
Cost of Capital
Present value of capital requirements for non-financial risk.
Value at Risk
Percentile-based risk measurement with configurable confidence levels.
Tail Value at Risk
Expected losses beyond a selected confidence level.
Flexible discount curve management.
Manage discount curves centrally across IFRS 17 calculations with full versioning, multiple currencies and audit trail.
Discount Curves
Simulation
Model outcomes before you post them.
Run calculations without affecting production accounting results. Compare scenarios before committing.
Reporting & Disclosure
From calculation to financial reporting.
From calculations to financial reporting and IFRS 17 disclosures.
| Line Item | Current Period | Prior Period |
|---|---|---|
| Insurance Revenue | $485M | $462M |
| Insurance Service Expenses | $312M | $298M |
| Insurance Service Result | $173M | $164M |
| Insurance Finance Income/Expense | $28M | $15M |
| Profit Before Tax | $145M | $149M |
Trace every number back to its source.
Create an end-to-end lineage from general ledger to source data. Drill down from reporting results to the underlying calculation and source records.
Workflow
Turn IFRS 17 into a controlled financial close.
Transform IFRS 17 into a controlled financial close process with approval workflows and audit trails.
Enterprise architecture for IFRS 17.
User Experience
Finance | Actuarial | Accounting | Audit | Management
Workflow & Control
Period close, approvals, audit trail
Reporting & Analytics
P&L, Balance Sheet, Disclosures, Management Reporting
Accounting Sub-Ledger
Journals, Chart of Accounts, Multi-GAAP
IFRS 17 Engine
GMM | PAA | VFA | CSM | Risk Adjustment | Reinsurance
Actuarial / Cash-Flow Engine
Assumptions, projections, fulfilment cash flows
Data Processing / ETL
Ingestion, validation, transformation, enrichment
Source Systems
Policy | Claims | ERP | GL | Investment | Reinsurance
Security
Built for sensitive insurance and financial data.
Built for sensitive insurance and financial data with enterprise-grade controls.
RBAC
Role-based access control with granular permissions
SSO
Single sign-on integration with enterprise identity providers
Encryption
Data encryption at rest and in transit
Audit Logs
Complete activity logging for compliance
Data Segregation
Entity and environment-level data isolation
Environment Separation
Separate dev, staging and production environments
API Security
Authenticated and authorized API access
Approval Controls
Multi-level approval workflows for posting
Integrations
Enterprise integrations.
Connect with your existing enterprise systems and data infrastructure.
Why Systemorph.
Why insurance organizations choose Systemorph.
Unified
Actuarial, finance and accounting in one environment.
Configurable
Adapt calculations and reporting to enterprise requirements.
Auditable
Trace results from financial statements back to source data.
Scalable
Support granular insurance portfolios and large datasets.
Integrated
Connect with existing enterprise systems.
Enterprise Ready
Designed for controlled financial close processes.
Build a controlled IFRS 17 operating model.
Bring actuarial calculations, accounting, data and reporting together in one enterprise platform.