IFRS 17 is a replacement of IFRS 4 dealing with the standards on accounting for insurance contracts. It was issued by the International Accounting Standards Boards in May 2017 and has a planned implementation date of January 2022. There are 450 insurers globally that are impacted by the IFRS changes, and implementation is well under way.
IntegraLynx allows insurers to respond to the new IFRS17 processing challenges without impacting existing actuarial and finance systems. Our platform seamlessly integrates together existing admin systems, actuarial modelling systems, and financial reporting systems. IntegraLynx will fill in the gaps as required (e.g manage cohort aggregation, CSM calculations, etc).