IFRS 17 for Insurance – Product Overview


IFRS 17 through SAP Business One and SAP Analytics Cloud brings:

  • Ease

The solution is easily Integrated with any ERP. Cloud & on Premise deployment is fully supported.

  • Smartness

Deeper insights into IFRS accounts with Big Data Analytics. Provides Real-Time visibility into your business.

  • Improved Forecasts

The best and most appropriate estimates with fulfillment Cash Flows.

  • Future

Is the Future Financial solution, with IFRS Calculation Engines, Risk Adjustment methodology and Contractual Service Margin (CSM).

  • Simplicity

SAP Business One® & SAP Analytics Cloud ® is a powerful solution, which simplifies the IFRS 17 complexity with automated processes and user-friendly interface.

  • Innovation

Digitize IFRS reporting, leverage Big Data and the Internet of Things in real time, leading the company to the Digital Transformation.


Advantages of IFRS 17

With SAP Business One® & SAP Analytics Cloud® Insurance Companies are:

  • In line with the most Modern Accounting approach.
  • Able to Control, Manage and Visualize big volume of Data.
  • Using the latest Calculation Methods for IFRS 17.
  • Using Enhanced Real-Time BI (reporting).
  • Reliably meeting the Audit requirements.
  • Generating Cash Flows for both actual and estimated Data.
  • Able to build a Strategic approach based on the created Scenarios.