Addactis - Addactis IFRS17 Solution
Type of system
- Analytics
- Asset/liability management
- Capital modelling
- Data management
- IFRS 17 solution
- Internal/external reporting
- Solvency II solution
Type of platform
- Cloud
- Desktop-based
- Grid
- SaaS
- Server-based
- Web-based
Other features
- Solvency II internal model
- Solvency II standard formula
- Risk-based PAA/VFA model integration
Has the product an open API? Yes / No?
Yes
What are the typical implementation costs for your product?
The Addactis platform transforms IFRS 17 compliance into a strategic asset by enabling real-time analytics, risk-finance alignment, and capital optimisation across multiple reporting regimes.The Addactis IFRS 17 solution offers rapid deployment through rich out-of-the-box capabilities, minimizing upfront configuration costs. A standard implementation can be proposed within weeks, with tailored customisations priced based on customer-specific requirements. This flexible, scalable model ensures affordability for mid-size to large insurers.
How long does your product take to implement on site?
Standard configurations can be implemented within a few weeks to six months, depending on project scoping and customer needs, portfolio size and data complexity. Full customisation projects may extend to up to twelve months, particularly when integrated with legacy systems or large multi-entity groups.
Please name companies that use the system/product
Over 55 IFRS 17 projects have been successfully completed worldwide across Europe, Asia, Latin America, and the Middle East. Clients include life, P&C, and composite insurers. Implementations are delivered by Addactis specialists or in collaboration with Big Four consultancies and regional integration partners.
Product summary: Please summarise your product’s key points for re/insurers in no more than 100 words.
Addactis IFRS 17 is a robust, modular solution designed for full compliance with the IFRS 17 standard, supporting GMM, VFA, and PAA models. It enables rapid implementation with strong out-of-the-box features, API architecture, and advanced analytics. The system seamlessly integrates actuarial, finance, and risk processes, empowering insurers to meet global reporting and solvency requirements efficiently. The solution is available as a saas/ cloud or hybrid platform, with scalable deployment and API connectivity to finance and actuarial systems.
Website
www.addactis.com/solutions/ifrs-17/