Faster closes.
Flawless audits.

No. The iBOS IFRS 17 Solution integrates with your existing actuarial models, policy administration systems and finance tools rather than replacing them. It fixes specific gaps in data, reconciliation and controls without another multi-year transformation project.

This depends on your current setup, but because the solution works alongside existing systems, most insurers see meaningful improvement in a few months—not another multi-year program. We begin with an assessment before committing to a timeline.

Yes. The solution builds traceability and documentation into judgment-heavy areas such as contract boundaries, risk adjustment and aggregation, giving auditors a clear, defensible trail instead of reconstructed logic.

The solution reduces the manual load by automating roll-forwards and reconciliations rather than requiring a dedicated implementation team. Onboarding is scoped around your team’s available bandwidth.

The CSM represents the unearned profit of a group of insurance contracts. It is deferred as a liability at initial recognition and released to profit or loss as services are provided. It is remeasured for changes in future-service assumptions and cannot be negative; any onerous excess is recognized immediately as a loss.

IFRS 17 has three measurement models: the General Measurement Model (GMM/BBA), the Premium Allocation Approach (PAA) for eligible short-duration contracts, and the Variable Fee Approach (VFA) for contracts with direct participation features.

Certified IFRS specialists guide organizations from initial gap assessment through implementation, disclosure and ongoing compliance.

Actuarial Support and Audit Support can be purchased from iBOS as add-ons.