Sinalys - CALFITEC

Type of System

  • Asset/liability management
  • Capital modelling
  • Data management
  • Economic / risk scenario generator
  • End-to-end ERM
  • IAS 19
  • IFRS 17 solution
  • Internal/external reporting
  • Operational risk management
  • Reserving solution
  • Solvency II solution
  • Stress testing
  • sub-ledger

Type of platform

  • Cloud
  • SaaS
  • Server-based
  • Web-based

Other features - the offering facilitates:

  • NAIC Principle-based reserving
  • NAIC RMORSA
  • Solvency II internal model
  • Solvency II standard formula

What are the typical implementation costs?

2 pricing approaches to implement IFRS 17 for a tactical solution are available :

  • A package of € 300,000 excluding VAT for 6 months of use of our cloud sandbox including 30 days of support.
  • The solution rental for € 50,000 excluding VAT per month for a minimum 3-month subscription renewable once by tacit agreement at the same cost. The support services are proposed on a direct basis at a rate of € 1,300 excluding VAT per day of service.

These prices correspond to a medium insurance group. Don’t hesitate to ask for your own pricing.

 

How long does your software take to implement on site?

We consider a 6 month project for a single entity. The access to Calfitec with its IFRS 17 module is available 10 days after signing the contract.

Please name companies that use the system/solution

SPIRICA, GROUPAMA, AG2R LA MONDIALE, GROUPE PASTEUR MUTUALITE, OCIRP and UNEO

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Calfitec is an actuarial and modelling tool for reserving, Solvency 2 and IFRS17 including reports and posting.

Contacts

[email protected]

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