Find out why Oracle won five categories in the RiskTech100® report: IFRS 17—Data Management and Reporting, Core Technology, Data Integrity and Control, Financial Crime—AML, and Risk Data Aggregation and Reporting.
Explore why data management is critical for long-lasting, effective compliance with the new IFRS 17 and LDTI standards in this research report from Oracle and Chartis.
Oracle has been recognized as a 2020 Chartis RiskTech Category Leader for IFRS 17/LDTI Compliance for both accounting systems solutions and data management and reporting solutions.
The IFRS 17 Analyzer integrates seamlessly with existing infrastructure, linking data, models, systems, and processes between actuarial and accounting functions.
Preconfigure business rules for the general measurement model (GMM), building block approach (BBA), variable fee approach (VFA), premium allocation approach, and more.
Consolidate, validate, and reconcile input data from various systems in a unified platform. Gain transparency across the actuarial modeling and financial reporting chain.
Get visibility into journal entries, and reconcile sources and any exceptions before posting to the general ledger. Map cash flows from the subledger to the balance sheet and profit and loss statement.
Address financial reporting requirements, including Solvency II, IFRS 9, LDTI, and CECL. Reconcile differences between balance sheets with next-generation business processes.
Use predefined quantitative and narrative disclosures for fair value measurement, finance income and expense, increase in credit risk, and any judgements.
Optimize data, the number of calculations, and the periodic revaluation of contracts with automation, scalability, and rapid processing.
Sanjay Naga, Consulting Director, Oracle Financial Services
Current accounting standards (IFRS 17 and LDTI) for insurance contracts have prompted financial institutions to seek more consulting services. These professional services alleviate time and resources spent on gap analysis, complexities around the contractual services margin, and deeper operational impacts so that financial institutions can focus on their core business operations. Learn about Oracle’s experience in the IFRS 17 space and how we can help.Read the complete post
Hear from industry practitioners about best practices to accelerate IFRS 17 implementation—including panel discussions and solution primers.
Accelerate your IFRS 17 and LDTI implementation journey. Discover critical areas to consider when assessing your plan for IFRS 17 and LDTI.
Easily integrate IFRS 9, IFRS 17, and LDTI solutions with existing data management applications.
Automate consistent provisioning calculations using a highly configurable application that maintains data integrity and reconciliation.
Automate regulatory reporting from data capture to computation and submission to regulatory authorities.
Discover live and on-demand webcasts that help you explore financial services topics in depth.
Keep up with the latest trends across the financial services landscape.
Talk to a team member about Oracle’s IFRS 17 software solution.