IFRS 17 Platform
Enterprise IFRS 17 calculation, accounting and reporting. From actuarial data to financial statements.
From Data to Disclosure
The complete IFRS 17 lifecycle in one controlled platform.
General Measurement Model
PV of cash flows, risk adjustment and CSM.
Premium Allocation Approach
Simplified measurement for short-duration contracts.
Variable Fee Approach
Participating business with underlying items.
Contractual Service Margin
CSM lifecycle from inception to release.
Risk Adjustment
Non-financial risk quantification.
Discount Curve Management
Flexible discounting with versioning.
Understanding IFRS 17
A comprehensive overview of the standard.
IFRS 17 fundamentally changes how insurance contracts are accounted for, requiring entities to measure insurance contract liabilities using current estimates of fulfilment cash flows. The standard introduces three measurement models: the General Measurement Model for most contracts, the Premium Allocation Approach for short-duration contracts, and the Variable Fee Approach for participating business. Each model has specific eligibility criteria and measurement mechanics that must be correctly applied.
The Contractual Service Margin represents the unearned profit that an entity expects to earn as it provides insurance contract services, while the Risk Adjustment compensates for non-financial risk. Systemorph addresses each requirement of the standard through purpose-built calculation modules, ensuring that discount curves, CSM allocations, and risk adjustments are computed in compliance with IFRS 17. The platform provides full auditability from input data through to disclosure, making the transition from existing accounting frameworks straightforward and transparent.