at Financial Technnology Year

This content is provided by FinTechBenchmarker.com who are responsible for the content. Please contact them if you have any questions.

FIS Insurance Accounting Suite for IFRS 17/LDTI from FIS Global

Integrated solution covering data management, actuarial calculations, accounting, and reporting for IFRS 17 and LDTI compliance. Supports multi-GAAP reporting and reconciliation with existing financial systems.

Is this your product?

More about FIS Global

Product analysis by function

IFRS 17/LDTI Compliance Solutions for Finance and Accounting

Specialized applications that implement new international financial reporting standards for insurance contracts, including complex calculations and disclosure requirements.
More IFRS 17/LDTI Compliance Solutions More Finance and Accounting ...

Core Compliance
(0 Yes /0 Known /10 Possible features)

Data Management and Integration
(0 Yes /0 Known /10 Possible features)

Financial Calculation Engine
(0 Yes /0 Known /10 Possible features)

Reporting & Disclosure
(0 Yes /0 Known /10 Possible features)

Auditability and Controls
(0 Yes /0 Known /10 Possible features)

User Experience & Usability
(0 Yes /0 Known /10 Possible features)

Performance and Scalability
(0 Yes /0 Known /10 Possible features)

Security & Compliance
(0 Yes /0 Known /10 Possible features)

Cloud and Deployment Options
(0 Yes /0 Known /10 Possible features)

Extensibility and Customization
(0 Yes /0 Known /10 Possible features)

Implementation & Support
(0 Yes /0 Known /10 Possible features)

Compare

Hard working Robot This data was generated by an AI system. Please check with the supplier. More here

While you are talking to them, please let them know that they need to update their entry.

Full IFRS 17/LDTI Standard Coverage Supports all core requirements of IFRS 17 and LDTI, including measurement, presentation, and disclosure.		No information available
Automated Measurement Models Implements General Measurement Model (GMM), Premium Allocation Approach (PAA), and Variable Fee Approach (VFA).		No information available
Contractual Service Margin (CSM) Calculation Automated calculation and unrolling of CSM, supporting required adjustments.		No information available
Risk Adjustment Calculation Automates risk margin determination as per standards.		No information available
Discounting Engine Provides updated discount rates, multi-currency, and curve management options.		No information available
Reinsurance Support Handles reinsurance contracts, including held and issued.		No information available
Portfolio Grouping Automates grouping of contracts by profitability and other mandated criteria.		No information available
Transition Methodologies Supports full, modified, and fair value transition methods.		No information available
Policy Changes/Modification Handling Manages contract modifications, derecognition, and changes in estimates.		No information available
Unit of Account Flexibility Customizes grouping beyond minimum standard (e.g., by line, product).		No information available

Data Integration APIs Open APIs for integration with policy admin, actuarial, finance, and reporting systems.		No information available
Data Validation Rules Engine Automated checks for completeness, consistency, and reliability.		No information available
Data Lineage Tracking Tracks flow, origin, and transformation of key data elements.		No information available
High-volume Processing Capacity Handles large and complex datasets typical in insurance portfolios.		No information available
Historical Data Storage Stores contract, assumption, and result data for all mandated retention periods.		No information available
ETL (Extract-Transform-Load) Automation Automates ingestion from various source systems with transformation and mapping tools.		No information available
Multi-source Reconciliation Reconciles incoming data with multiple systems and ledgers.		No information available
Master Data Management Defines, manages, and governs critical information consistency.		No information available
Data Encryption & Security Protects sensitive data at rest and in transit.		No information available
Bulk Upload/Download Tools Enables rapid ingestion and extraction for large files and records.		No information available

Flexible Calculation Rules Supports configurable business and actuarial rules.		No information available
Parallel Processing Allows multi-threaded computation to increase speed.		No information available
Real-time Calculation Capability Performs calculations on-demand with minimal lag.		No information available
Calculation Audit Trails Logs all calculation steps for transparency and review.		No information available
Scenario/Assumption Management Handles multiple what-if analysis and assumption sets.		No information available
Bulk Processing Speed Throughput for large-scale contract calculations.		No information available
Sensitivity Analysis Assesses impact of changing key assumptions.		No information available
Calculation Version Control Tracks logic/parameter changes over time.		No information available
Formula Transparency Displays calculation formulas and method logic to users.		No information available
Out-of-the-box Metric Support Delivers pre-configured financial metrics aligned with the standard.		No information available

Standard Regulatory Disclosure Templates Includes all required notes, tables, and financial statements.		No information available
Custom Report Builder Facilitates user-driven report formats and analytics.		No information available
Drill-down and Traceability Allows users to explore reports from summary to detailed source data.		No information available
Automated Period-end Close Reporting Speeds up the close process through pre-configured report automation.		No information available
Multi-GAAP Support Handles presentation for both IFRS and local standards.		No information available
Report Scheduling & Distribution Allows reports to be scheduled and delivered automatically.		No information available
Comparative Reporting Supports current and prior period figures including restatements.		No information available
Visualization Tools Offers dashboards, graphs, and trend analytics.		No information available
Export Functionality Outputs reports in multiple file formats (PDF, Excel, CSV, etc.).		No information available
Full Audit Explanations in Reports Embeds explanations and rationale for report figures.		No information available

Comprehensive Audit Log Tracks all user, data, and calculation changes.		No information available
Role-based Access Controls (RBAC) Customizes access based on user roles and duties.		No information available
Segregation of Duties Support Prevents conflicting roles or approvals.		No information available
Internal & External Audit Evidence Extraction Eases data/document collection for audits.		No information available
Change Approval Workflow Automates approval for parameter or process changes.		No information available
Traceable Adjustment Entries All manual or system adjustments are linked to audit trails.		No information available
Automated Exception Monitoring Flags errors/issues with smart alerts and logs.		No information available
Control Self-Assessment Tools Built-in testing and sign-off for control effectiveness.		No information available
User Activity Monitoring Tracks logins, data access, and update activity.		No information available
Configurable Data Retention Policies Supports custom data retention in line with regulatory frameworks.		No information available

Your advertisements here

Financial Technology Year

FIS Insurance Accounting Suite for IFRS 17/LDTI from FIS Global

Product analysis by function

IFRS 17/LDTI Compliance Solutions for Finance and Accounting

Core Compliance
(0 Yes /0 Known /10 Possible features)

Data Management and Integration
(0 Yes /0 Known /10 Possible features)

Financial Calculation Engine
(0 Yes /0 Known /10 Possible features)

Reporting & Disclosure
(0 Yes /0 Known /10 Possible features)

Auditability and Controls
(0 Yes /0 Known /10 Possible features)

User Experience & Usability
(0 Yes /0 Known /10 Possible features)

Performance and Scalability
(0 Yes /0 Known /10 Possible features)

Security & Compliance
(0 Yes /0 Known /10 Possible features)

Cloud and Deployment Options
(0 Yes /0 Known /10 Possible features)

Extensibility and Customization
(0 Yes /0 Known /10 Possible features)

Implementation & Support
(0 Yes /0 Known /10 Possible features)

Your advertisements here

Intuitive User Interface Modern, easy-to-navigate, and customizable workspace.		No information available
Multilingual Support Application interface available in multiple languages.		No information available
Help and Guided Tutorials Built-in help, walkthroughs, and documentation.		No information available
Customizable Dashboards User-selected widgets, KPIs, and report layouts.		No information available
Advanced Search and Filter Tools Quickly finds contracts, reports, or data sets.		No information available
Batch Task Processing Enables users to run multiple processes or jobs in one go.		No information available
Mobile Access Responsive or native mobile support for remote access.		No information available
Accessibility Features Supports screen readers, high contrast, and keyboard navigation.		No information available
Personalization Options Adapts look, feel, and shortcuts to user preferences.		No information available
Error Handling and Guidance Explains errors and suggests corrective actions.		No information available

Concurrent User Support Maximum simultaneous users without performance degradation.		No information available
Processing Throughput Peak calculation and reporting volume handled over a defined interval.		No information available
Elastic Scalability Dynamically adjusts computing resources based on current load.		No information available
High Availability (HA) System uptime assurance via redundancy/failover.		No information available
Disaster Recovery (DR) Resilience with backup, restore, and failover options.		No information available
Response Time Average response time for standard user actions.		No information available
Data Archiving Tools Automates offloading old data to maintain speed.		No information available
Performance Monitoring Dashboard Real-time visibility into system/storage/network health.		No information available
Load Balancer Integration Supports distribution of requests for optimal performance.		No information available
Resource Usage Reporting Tracks compute, storage, and bandwidth use.		No information available

GDPR/CCPA Compliance Meets data privacy laws where required.		No information available
End-to-End Encryption Secures all network communication and data at rest.		No information available
Multi-factor Authentication (MFA) Requires multiple verification steps for sensitive actions/access.		No information available
Single Sign-On (SSO) Support Integrates with corporate authentication providers.		No information available
Regular Penetration Testing Routine testing for vulnerabilities and exposures.		No information available
Vulnerability Management Scans, prioritizes, and remediates security risks.		No information available
Custom Security Policy Configuration Allows organization-specific security rules.		No information available
Detailed Security Logs Logs all access attempts, permission changes, and suspicious events.		No information available
User Session Management Tracks, expires, and audits user sessions.		No information available
Incident Response Toolkit Facilitates fast mitigation of detected threats.		No information available

Multi-cloud Support Can be deployed on all major cloud platforms (AWS, Azure, GCP, etc.).		No information available
On-premises Deployment Supports installation in user’s private data center environment.		No information available
Hybrid Deployment Blend of cloud and on-premise resources.		No information available
Containerization Support Enables deployment as Docker/Kubernetes containers.		No information available
SaaS Option Available fully as Software-as-a-Service.		No information available
Automated Patching & Updates Handles system updates and upgrades with minimal manual effort.		No information available
High-speed Deployment Tools Reduces rollout time and effort.		No information available
Disaster Recovery as a Service (DRaaS) Managed disaster recovery through cloud provider.		No information available
Geographic Redundancy Supports failover/data-sync across regions.		No information available
Automated Scaling Rules Configuration for resource expansion/contraction based on business rules.		No information available

Configurable Business Rules Engine Allows business users to create or adjust rules without coding.		No information available
Plugin Framework Add new functions or integrations without disrupting core system.		No information available
Custom Fields and Attributes Addition of company-specific data fields.		No information available
API for Custom Integrations Public API enables quick integration with new systems.		No information available
Workflow Customization Tailors process flows for approvals, reviews, and escalations.		No information available
Custom Calculation Modules Users can design proprietary actuarial or finance formulae.		No information available
User-defined Reporting Create new report templates as business needs evolve.		No information available
Localization Options Adapts solution for local language, currency, and regulatory context.		No information available
UI Extensibility Customizes user interface components and branding.		No information available
Integration Marketplace Ecosystem for certified add-ons or partner solutions.		No information available

Dedicated Onboarding Support Assistance for initial deployment and user training.		No information available
Standardized Implementation Templates Provides blueprints and best practices for rapid rollout.		No information available
Migration Toolkits Automates conversion of legacy data and processes.		No information available
24/7 Support Availability Full-time technical and business support access.		No information available
Knowledge Base Access Self-service learning, FAQs, and documentation.		No information available
User Community Forums Peer-to-peer learning and solution crowdsourcing.		No information available
Release Notes and Change Documentation Detailed release impact and upgrade guidance.		No information available
Service Level Agreement (SLA) Metrics Uptime, support response, and resolution guarantees.		No information available
Designated Account Manager Named contact for ongoing engagement.		No information available
Continuous Training Programs Regular product and standard update training.		No information available

Your advertisements here

Financial Technology Year

FIS Insurance Accounting Suite for IFRS 17/LDTI from FIS Global

Product analysis by function

IFRS 17/LDTI Compliance Solutions for Finance and Accounting

Core Compliance (0 Yes /0 Known /10 Possible features)

Data Management and Integration (0 Yes /0 Known /10 Possible features)

Financial Calculation Engine (0 Yes /0 Known /10 Possible features)

Reporting & Disclosure (0 Yes /0 Known /10 Possible features)

Auditability and Controls (0 Yes /0 Known /10 Possible features)

User Experience & Usability (0 Yes /0 Known /10 Possible features)

Performance and Scalability (0 Yes /0 Known /10 Possible features)

Security & Compliance (0 Yes /0 Known /10 Possible features)

Cloud and Deployment Options (0 Yes /0 Known /10 Possible features)

Extensibility and Customization (0 Yes /0 Known /10 Possible features)

Implementation & Support (0 Yes /0 Known /10 Possible features)

Your advertisements here

Core Compliance
(0 Yes /0 Known /10 Possible features)

Data Management and Integration
(0 Yes /0 Known /10 Possible features)

Financial Calculation Engine
(0 Yes /0 Known /10 Possible features)

Reporting & Disclosure
(0 Yes /0 Known /10 Possible features)

Auditability and Controls
(0 Yes /0 Known /10 Possible features)

User Experience & Usability
(0 Yes /0 Known /10 Possible features)

Performance and Scalability
(0 Yes /0 Known /10 Possible features)

Security & Compliance
(0 Yes /0 Known /10 Possible features)

Cloud and Deployment Options
(0 Yes /0 Known /10 Possible features)

Extensibility and Customization
(0 Yes /0 Known /10 Possible features)

Implementation & Support
(0 Yes /0 Known /10 Possible features)