IFRS 17 Compliance

Automated technical accounting

Automate your IFRS 17 compliance while gaining strategic financial insights

IFRS 17 Compliance

IFRS 17 Compliance Suite

Achieve full IFRS 17 compliance with our purpose-built accounting and reporting solution that handles all measurement models (GMM, PAA, VFA) with precision. Automate contract groupings, calculate risk adjustments, manage contractual service margins, and generate disclosure reports while maintaining a complete audit trail for every calculation and adjustment.

Contract Cohort Management

Automate the complex task of grouping insurance contracts according to IFRS 17 requirements with dynamic cohort management that adapts to changing business conditions.

Multi-Model Measurement Support

Deploy the appropriate measurement models (GMM, PAA, VFA) automatically based on contract characteristics while maintaining consistency in financial reporting.

CSM Calculation and Tracking

Calculate and track Contractual Service Margin with precision across the full contract lifecycle, including initial recognition, subsequent adjustments, and release patterns.

Loss Component Management

Identify, track, and report onerous contracts automatically with detailed loss component monitoring that meets both internal and external reporting needs.

Transition Approach Management

Support all IFRS 17 transition approaches - full retrospective, modified retrospective, and fair value - with detailed tracking and disclosure support.

Data protection

Data protection that builds trust

Comprehensive data protection that strengthens your customer relationships

Data protection

Global Data Privacy Compliance

Ensure compliance with GDPR, CCPA, PDPA, and other data protection regulations through automated data mapping, consent management, anonymisation capabilities, and data subject request processing. Maintain comprehensive records of processing activities while enforcing retention policies and data minimisation principles automatically.

Privacy by Design Framework

Embed privacy considerations into new products and processes from inception through our privacy impact assessment tools. Identify privacy risks early, implement appropriate controls, and document compliance decisions while ensuring new initiatives launch with privacy built-in rather than bolted on.

Data Breach Management

Respond to potential data breaches with confidence through our structured incident response platform. Assess incidents against regulatory notification thresholds, generate required documentation, and manage stakeholder communications while learning from each event to strengthen future protections.

Automated Regulatory Reporting

Generate and submit regulatory reports across multiple jurisdictions with automated data collection, validation, and formatting according to the latest regulatory specifications. Reduce reporting cycles from weeks to hours while eliminating manual errors and providing full traceability from source systems.

Afrisure in a nutshell

Configuration
Engine

Unlimited configurability

  • - Products
  • - Entities
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  • - Processes
  • - Rules
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Distribution
Engine & CRM

  • - AI-enabled CRM
  • - Customer Channels
  • - Intermediary Portals
  • - Front-end Sales Tools

Reinsurance
Management

  • - Treaty Management
  • - Bordereaux reports
  • - Real-time Analytics
  • - Approval workflows

Underwriting
Management

  • - Lead Mgmt
  • - 100% Digital service
  • - WhatsApp API
  • - Interact with Sales

Finance &
Accounting

  • - IFRS Compliance
  • - GL Management
  • - Multi-Currency
  • - Reporting

Policy
Administration

  • - Policy Lifecycle
  • - Premium Admin
  • - Digital Endorsements
  • - Smart Documentation

HR
Management

  • - Employee portal
  • - Role access
  • - WhatsApp integration
  • - Document control

Claims
Management

  • - Processing automation
  • - Fraud Detection
  • - SLA Monitoring
  • - Provider Portal

Enterprise
Tooling

  • - Analytics & Reporting
  • - Billing & Collections
  • - Document Management System
  • - Core Data Management

Regulatory &
Compliance

  • - Compliance Engine
  • - IFRS 17 reporting
  • - AML/KYC requirements
  • - Audit Controls

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