The SAS Solution for IFRS 17 enables you to meet all IFRS 17 requirements, including accounting for insurance contracts and establishing a structured workflow process. The solution integrates risk and finance calculations, enabling you to streamline the flow of information and reporting of expected versus actual cash flows for all stakeholders. The SAS Solution for IFRS 17 facilitates the timely tracking of results and metrics, addresses IFRS 17 regulatory requirements, and fosters collaboration among actuaries, risk managers and finance.
The SAS Solution for IFRS 17 collects actual data directly from policy management, actuarial and accounting systems. The solution also validates data from multiple sources, including actuarial and production data required for calculating cash flows. Data quality, transparency and auditability further support the data management process, ensuring the quality of the input while addressing regulatory and accounting requirements.