Cleversoft is a specialist in risk and regulatory reporting for the insurance sector. Cleversoft’s IFRS17 reporting supports general, premium allocation and variable fee models with disclosures.

Our IFRS17 solution provides you with capabilities such as calculation of the contractual service margin (CSM), discounting methodologies, capturing of onerous contracts and loss components, reconciliations including CSM showing movement from opening balance to closing balance per Unit of Account, creation of disclosures, creation of journal entries to feed back into the general ledger and governance and audit.

We will help with the implementation and setup of IFRS17 calculation models such as premium allocation, variable fee allocation and general models and the processes and workflows. We provide training for end-users as part of the implementation. We can assist in actuarial questions such as eligibility assessments during the initial phase.

Our systems can be configured to meet any specific requirements. Our experts can provide you with a configurable and/or customizable solution.

Our team is available to support you with software, IFRS17 and related actuarial questions after implementation.