#Techucation: The Systemorph IFRS17 Template Explained
Welcome to Systemorph’s IFRS17 education series #Techucation, a how-to guide for computing IFRS17 financials.
In good business practice, it’s important that one understands profitability.
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.
Related episodes from our educational series that we recommend you watch to gain a more in depth perspective are the following:
- IFRS17: Get started with our template
- IFRS17: How to read the full set of financial reports – Part 1
- IFRS17: How to read the full set of financial reports – Part 2
- IFRS17: How to read the full set of financial reports – Part 3
Comment below this video with any questions you might have. We’re excited to hear from you.
In the second of this three-part episode, we present written, advance and overdue actuals and the actuarial experience adjustment – the difference between effective and expected cash flows.
In the first of this three-part episode, study the Best Estimates and Risk Adjustments of Present Values displayed in the Reports notebook and calculated from the template data shipped with the IFRS17 Project available in the Systemorph Cloud Portal.
In this episode, we walk you through the Systemorph IFRS17 Template Project which includes a complete example of input data for many annual reporting periods and uses our Calculation Engine for producing and reporting results.
We break down the theory behind calculating the present value of insurance contracts through the Analysis of Change approach.
We show you how the present value of a group of insurance contracts can easily be calculated using our IFRS17 Calculation Engine developed in Systemorph Cloud Notebooks.
We show you how to configure the Systemorph IFRS17 Calculation Engine to your own data set and business. From setting up your company’s many legal entities to include your favorite Analysis of Change step. This is where the magic happens.