Optimize your IFRS 17 compliance with Addactis solution
IFRS 17 compliance, cash-flows generation, CSM calculations, accounting & disclosure requirements… Find out how our business application can smooth your path to IFRS 17 compliance.
Streamline your IFRS 17 compliance process
Addactis offers a powerful and flexible IFRS 17 SaaS solution designed to streamline your compliance process. The Addactis Platform allows insurers to address IFRS 17 reporting requirements through a complete end-to end solution or accounting dedicated module. With advanced technology and actuarial expertise built-in, our IFRS 17 compliance business app ensures full traceability, accurate profitability tracking, and seamless management of insurance contracts.
IFRS 17 ACTUARIAL CALCULATIONS SOFTWARE FOR CASH-FLOWS & RISK ADJUSTMENT
Managing complex actuarial calculations under IFRS 17 requires a reliable, fast, and fully integrated solution. Our IFRS 17 business app empowers insurers to handle granular data, apply measurement models, and automate cash-flows and risk adjustment projections with full traceability.
Our software supports all required IFRS 17 measurement models – BBA, PAA, and VFA – ensuring consistency across your Property & Casualty and Life & Health line of business. From data preparation to cash-flow generation and risk adjustment calculations, everything is centralized in a unique platform.
Thanks to its transparent integration capabilities, the Addactis solution processes data from multiple systems and enables seamless segmentation and transformation – delivering speed, accuracy, and compliance throughout your actuarial workflow.
IFRS 17 ACCOUNTING DISCLOSURE: CSM, FINANCIAL STATEMENTS & REPORTS
Meeting IFRS 17 accounting and disclosure requirements can be overwhelming without the right tools. The IFRS 17 business app simplifies the calculation of the Contractual Service Margin (CSM) at the group-of-contracts level, and automates the production of financial statements and regulatory disclosures.
Our solution provides financial disclosures for both general ledger and subledger, enabling full traceability and auditability of your data. Thanks to its built-in automation and Microsoft® Excel add-in, users can customize financial reports, automate updates, and streamline their entire IFRS 17 disclosure process with ease.
Designed to support both accounting and actuarial teams, our IFRS 17 business app helps you stay compliant while gaining valuable insight into your financial performance under IFRS 17.
FEATURES
Master your IFRS 17 compliance through a single business application
Our flexible and integrated actuarial and financial solution adapts to any organization (International or local), line of business (P&C or Life & Health), and to any level of preparation in the IFRS 17 compliance project.
Compliance
One system to address all IFRS 17 standard requirements.
Flexibility
Adjust for elements that are specific to your business or accounting scheme.
Actuarial monitoring
Incorporate the new financial reporting requirements in the internal steering as well as the investor story.
Fast & efficient process
Time from closing to reporting remains a critical indicator.
Audit trail & tracking of results
Security of the IFRS 17 process and speed of the analysis.
Current regulatory updates
Continuous regulatory watch and software’s adaptation.
THEY TRUST US
More than 50 insurance companies use our solution
Alter Mutua, Portugal
We are very satisfied with the wide-range of possibilities it offers us, the flexibility of the tools and the holistic integration of all elements within the suite.
La Equida Seguros, Colombia
The Addactis solution considers to be user-friendly and easy to understand.
Thai Re Insurance, Thailand
The transition to IFRS 17 presented a significant challenge for our organization. The IFRS 17 compliance software Addactis provided has supported our data integration and reporting processes aiming at the accuracy, efficiency, and timely regulatory reporting.
Seguros RGA, Spain
It is a very complete software: ease of use and exceptional support.
HDI Seguros, Chile
Concerning choosing Addactis as our IFRS 17 solution provider, some of the most noteworthy criteria were the disposal of a close and professional team, its ability to cover the entire project required, as well as the provision of a sufficiently flexible structure for adaptation to the needs of our entity.
OVERVIEW
A trusted IFRS 17 software provider with actuarial, IT, finance expertise
Get an overview of our out-of-the-box solution in video and find out how Addactis experts can support you and help you with your IFRS 17 project.
THE ADDACTIS PLATFORM
Our business app is part of the next-generation Actuarial Risk Management Platform
Our comprehensive SaaS platform is designed to transform and accelerate the development and customization of insurance solutions. Whether you specialize in Life insurance or non-life insurance, our platform promises to deliver substantial business value and operational efficiency.
Experience unparalleled reliability, efficiency, and innovation with a system crafted to meet the dynamic needs of the insurance industry. Elevate your business operations today and stay ahead of the competition with our unique, cutting-edge solution.
Our platform is the only one on the market that seamlessly addresses both regulatory and profitability scopes, ensuring your success in a highly competitive landscape.
A unique and unified actuarial platform, designed to ensure compliance and profitability, through a range of business applications.
Thanks to the Addactis Platform, the IFRS 17 solution is connected to other business applications.
Capital Modeling
A fully auditable business app, designed for all insurance prudential standards and enhanced by decades of practice around regulatory aspects.
Reserving
Simplify, optimize your reserving processes and make more informed decisions thanks to the Reserving business application.
Pricing
Streamline your Pricing Workflow and achieve optimal strategies with data-driven precision and agility.
RESOURCES
Explore our content related to IFRS 17
Find out more about our IFRS 17 expertise by reading the analyses and insights regularly published by our experts.
10 tips to make your IFRS 17 project a success
IFRS 17 is a major transformation for insurance companies. It impacts accounting, actuarial processes, IT systems, and financial governance. Its implementation can be a challenge, but with the right approach, it becomes an opportunity for structuring and optimizing your processes.
Mutualidad renews its trust in Addactis through its IFRS 17 project
Mutualidad renews its trust in Addactis through its IFRS 17 project. Read more about this insurance company’s experience.
Data, systems integration, processes, reporting…The strategic role of Finance in IFRS 17
In the rapidly evolving insurance industry, finance and accounting teams are essential drivers of operational improvement and regulatory compliance. Discover our article about the Strategic Role of Finance in IFRS 17.
FAQ
More about IFRS 17
How to implement IFRS 17?
To implement IFRS 17, insurers must prepare quality data, choose the right software, define calculation models (BBA, PAA, VFA), and integrate systems for accounting and reporting. Testing and training are key before going live. Our IFRS 17 business app simplifies this process with prebuilt modules, automation, and expert support for faster, compliant deployment.
Does the solution support all IFRS 17 measurement models?
Yes, our solution supports all three IFRS 17 measurement models: the Building Block Approach (BBA), the Premium Allocation Approach (PAA), and the Variable Fee Approach (VFA). This ensures full compliance across all insurance product lines.
What are the benefits of all-in-one IFRS 17 software?
An end-to-end IFRS 17 software like Addactis centralizes all data, automates workflows, reduces manual errors, and enables quick and reliable reporting to meet regulatory deadlines and audit requirements.
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