Streamline Your IFRS 17 Compliance with Confidence
Anoud+ IFRS 17 Engine—co-developed with a Big-4 accounting firm—is your trusted partner for simplified, accurate, and audit-ready IFRS 17 reporting. Built on the latest technology stack, it ensures your insurance business stays ahead of the regulatory curve.
Overview
Anoud+ IFRS 17 Engine is designed to help insurers and reinsurers meet the stringent requirements of the IFRS 17 accounting standard. With robust data integration, advanced calculation capabilities, and clear reporting outputs, it automates and simplifies the compliance process across your entire portfolio.
Key Features
- Calculation Engine:
Generate precise IFRS 17 sub-ledgers using built-in computation logic.
- Reporting:
Automatically produce required disclosure reports and financial statements.
- Dashboard:
Visualize critical financial indicators through intuitive and dynamic dashboards.
- Data Bridge:
Ensure data quality with end-to-end validations and integrity checks.
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Powerful Capabilities
- Uploads for all in-force contracts and insurance data
- Handles both projected and actual cash flows with discounting
- Accepts data inputs like yield curves and exchange rates
- Full validation for data type and accuracy to reduce compliance risk
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Customization and Flexibility
- Supports company-specific accounting policy choices
- Flexible period reporting for monthly, quarterly, or yearly needs
- Multi-currency and multi-batch processing capabilities
- Adaptable to a wide range of IFRS 17 methodologies
Why Choose Anoud+?
With its integrated insurance suite, Anoud Technologies ensures seamless alignment between your operational, actuarial, and accounting teams—empowering you with full transparency and traceability at every stage of the compliance journey.
FAQs
Anoud+ IFRS 17 Engine is a comprehensive software solution designed to help insurers and reinsurers comply with the IFRS 17 accounting standard. It automates complex calculations, ensures data integrity, and delivers audit-ready financial reports.
Key features include: Advanced Calculation Engine: Automatically computes IFRS 17 sub-ledgers and balances. Automated Reporting: Generates disclosures and financial statements aligned with IFRS 17. Dynamic Dashboards: Offers real-time insights into key financial metrics. Data Bridge Module: Ensures high data quality through validations and integrity checks.
Yes, implementation includes comprehensive training and ongoing support to ensure your team can confidently operate and maintain the system.