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Oracle Recognized as Category Leader for IFRS 17/LDTI Solution in Chartis RiskTech Quadrant®

The 2020 Chartis Research Report for Insurance Risk Systems for IFRS 17 and LDTI Compliance awarded Oracle the distinction of Category Leader in two Chartis RiskTech Quadrants for Accounting Systems Solutions and Data Management and Reporting Solutions.


“Both IFRS 17 and LDTI predicate the need for insurers to break down silos in data management and reporting to ensure they have full agility and transparency across the enterprise. Oracle has long been effective at helping customers quickly adapt to new standards, and these recent quadrant positions underscore its ability to help insurers prepare for the upcoming IFRS and LDTI mandates.”

—Sid Dash, research director, Chartis Research

Chartis Research Vendor Analysis: Oracle Financial Services—Insurance Risk Systems for IFRS 17 and LDTI Compliance, 2020

According to the report, Oracle is a category leader in two quadrants: accounting systems solutions and data management and reporting solutions. Oracle scored well in both the completeness of offering and market potential categories, with a compliance solution based on its integrated risk and finance architecture. Oracle received “best-in-class” or “advanced” in six out of seven capabilities in each quadrant—among the highest of any vendor.

“The Oracle Financial Services IFRS 17/LDTI Analyzer solution is designed to take data from a staging area common across all Oracle applications and enable its reuse for deeper analytical insight. Clients gain a proven framework for the ingestion of data from source systems, as well as a portfolio setup with business rules and disaggregation into groups, and subledger accounting to ensure ongoing effectiveness.”

Chartis Research Vendor Analysis

Oracle’s IFRS 17/LDTI Solution–Completeness of Offering

  • General ledger integration – Considerable experience and expertise in providing general ledger functionality within an accounting infrastructure
  • Subledger – Custom-built, integrated subledger records detailed results of IFRS 17/LDTI liability measurements
  • Multistandard support – Designed with a common data model to integrate with IFRS 9 and CECL accounting standards
  • Data management – Heterogenous data model and data integration capabilities support different types of data in various formats
  • Rate adjustments – Maintains multiple assumption sets, including discount-rate curves
  • Reporting – Supports various requirements across the entire IFRS 17 reporting cycle, including attribution reporting, CSM comparative analysis, and management reporting

Related Resources

IFRS 17 and LDTI Solutions

Shape the foundation for finance modernization with faster adoption of the new accounting standards.

Apply theory to practice, simulate your IFRS 17 program

Easily adjust data, models, and reporting with out-of-the-box tools.

Bridging the accounting gap under IFRS 17

Address the financial accounting requirements of IFRS17.

Integrated subledgers in the IFRS17 transition game

Gain visibility into the journal entries resulting from the accounting process.