Are you ready for IFRS 17?
Let us help you get ready for IFRS 17. During the initial free consult and demo we provide you with a pallet of options.
The IFRS 17 starting date of 01 January 2023 is getting closer. To be well prepared, you need to identify your options now! Besides our IFRS 17 SaaS and enterprise solutions, we can also help you from an actuarial perspective.
The Software
Our IFRS 17 solution has the following core capabilities:
.Calculation of the CSM for the available models, being PAA, GM and VGA
.Discounting methodologies
.Capturing of onerous contracts and loss components
.Reconciliations including CSM showing the movement from opening balance to closing balance per Unit of Account (UoA)
.Creation of disclosures
.Creation of journal entries to feed back into the general ledger
.Governance and auditing
The Services
We will help with the implementation and setup of the IFRS 17 calculation models PAA, VFA and General Model (BBA) and the processes and workflows. Part of this implementation is training for the end users. During the initial phase, we can assist in actuarial questions, such as eligibility assessments.
Tailored requirements
Our systems can be configured to meet any specific requirements. Our experts can provide you with a configurable and/or customizable solution. Ask for the options.
Business as usual
Once implemented, our team will be available to support you with software, IFRS 17 and related actuarial questions. The software will be maintained and upgraded. If IFRS 17 standards change in the future, updates follow accordingly.
Support outside business hours
Actuarial support
General IFRS17 training
See a demo with Kasper!
Business Analyst
In this meeting our IFRS 17 product expert and actuarial expert will align with you our your needs on both software and required services. They will guide you as well through the software and explain how this fits in your new IFRS 17 process.
With this meeting you will:
- Learn how we can support you with implementing IFRS 17.
- See out software working and understand our best practices.
- Receive a high-level pricing indication, potential timeline of implementation and advise about the next steps
Short on time? We'll call you.
Our process
We work with financial services companies around the world. Here's our process.
Our team has years of industry experience to help support you throughout the regulatory compliance software acquisition process — from A to Z.
Our services range from self-serve free trial up to solutions that require white glove service. In both cases, we begin by learning about you.
We ensure you have everything you need to get off to a great start with your compliance software and services.
Whether you've chosen SaaS self-serve, on premise, or cloud-based implementation, rest assured knowing you can start using our solutions ASAP.
Once you're up-and-running, our customer success team is here to support you every step of the way.
We work with companies of all sizes, with varying numbers of end-users. When you're ready to scale up your solution, look no further than cleversoft.
Not only does our technology have a 99.98% availability rate, but our tech team and customer success are here for you when you need us most.