Sensitivity Analysis: operations and techniques
The new IFRS17 standard imposes the insurance industry to disclose different results for each approved scenario, which enables shareholders and analysts to compare sensitivities of different insurers.
However, to satisfy the regulatory requirement of disclosing sensitivities, one must perform calculations for dozens of scenarios, for example a change in mortality, longevity, inflation, or yield curve that deviates from the Best Estimate. And this can be a laborious task.
The Systemorph standard solution helps you to get rid of redundancy and data repetition; and ensure less user time is burnt.
Our concept tackles scenarios by efficient partitioning of data and employing so-called “relaxed queries” to avoid mixing and repetitiveness. Most importantly, the scenario set can easily be extended and customized.
What would you like to see next? Let us know the challenges you’re facing or otherIFRS17 topics you’re interested in and we’ll get right onto making the educational material.
Empowering Swiss Re with an innovative IFRS17 solution to support its clients in evaluating reinsurance transactions.
Claudio Tröhler, Transactional Executive P&C Structured Solutions at Swiss Re, unveils the groundbreaking PAA Calculator, a precision tool custom-built by our team.
Working in the Systemorph sales team, Wolfgang Maehr has his ear close to the ground of what challenges insurance and financial services organizations need to overcome and what solutions they might need.
Systemorph Founder and CEO, Roland Bürgi, sat down with CIO Review Europe to share how Systemorph empowers businesses to streamline their data management processes, achieve higher data quality, and enhance overall efficiency.
Senior Software Engineer, Ekaterina Mishina, who goes by Katya, took part in a quickfire question round with us on what you can expect from SMAPP 2.0.
In this episode of #Techucation, we investigate how to read this information in the Systemorph IFRS17 standard solution and will cover how granularity and degree of aggregation can easily be varied.
In this episode, we show how would the current closing look like if at the closing date the sensitivity would have occurred and inputs had been different by the specified amount.
In this episode we explain how the future margin is allocated among Contractual Service Margin and Loss Component as prescribed by the regulators under the new IFRS17 standard. We show simple examples to help you understand the basis of business performance analysis.
In this episode, discover how the Systemorph standard solution can aid you with IFRS17 disclosure processes from data collection to reporting.
In the third of this three-part episode, we conclude with the contractual service margin and loss component reports, and lastly the disclosed financial performance both at the group level or for each unit of account.