End-to-end solution
Implementation time: 9-12 months
Fixed price for implementation, operation & maintenance for 5 years
Proven solution based on major implementations
The solution will be integrated within your system landscape and embedded into the end-to-end reporting process of your organization.
Our IFRS 17 offering typically consists of the scope as illustrated below enabling a fully end-to-end solution embedded into your system landscape and operated as a Software-as-a-Service solution.
Our solution is hosted on Microsoft Azure, the world's most trusted platform for business customers enabling unmatched scalability, reliability and security
Systemorph AG offers you the implementation & the operation of the IFRS 17 solution for a 5-year-contract at a fixed price. The fixed price depends on your specific requirements for your individual IFRS 17 reporting challenges:
The selection of the implementation type & pricing is dependent on the reach of the insurance group (multi vs national) and its insurance portfolio (mono vs multi line).
The solution is custom built, fully tailored to specific customer needs.
Because of our seasoned industry experienced actuaries, IT professionals and project managers, we turn rudimentary specifications with real business data in three week iterations into workable software increments, which the business can evaluate, ask for refinements and pass on new requirements for the next iteration. We do this in close collaboration with our customers.
We have a highly responsive actuarial and IT team with extensive experience in the insurance industry. Thanks to our approach we get instant traction with minimum data sets and specifications. Through short agile development iterations we deal with changes and manage any surprise comfortably. Our platform is equipped with a rich tool box that allows customizing to any specific customer needs.
IFRS 17 is a most challenging project. Trust and confidence in the solution provider are paramount in order to make a decision. We have developed this step-by-step process in order to demonstrate our capabilities through a PoC in a real-life environment with one of your most challenging IFRS 17 topics.
The Baloise Group signed a contract to fulfill IFRS 17 reporting and compliance requirements with Systemorph.
Baloise Group chose the Systemorph solution because it delivers an important part in the overall auditable end-to-end reporting process. This easy, transparent, consistent and custom-built solution meets the specific Baloise Group requirements and enhances the collaboration between actuarial, finance and IT departments.
After the implementation phase, Systemorph will provide the IFRS 17 solution as Software-as-a-Service (SaaS) for Baloise Group.
The Systemorph IFRS 17 solution includes all group-wide calculation functions required to comply with the accounting standards of the Baloise Group and will be used for its IFRS 17 reporting.
Ernst & Young ey insurance accounting alert may 2020.pdf
Accenture IFRS 17 – Accenture Insurance Blog
Aptitude Software IFRS 17 Solution, Compliance Software for IFRS17 – Aptitude Software
Wolters Kluwer CCH Tagetik IFRS 17 – Versicherungsverträge | CCH Tagetik
Willis Towers Watson IFRS 17 Solutions – Willis Towers Watson
Founded in 2011 Systemorph AG is a privately held Swiss technological company specialized in building data driven software solutions for the financial services market. The company aims for streamlining and simplifying the management of data centric functions by providing custom focused solutions with short implementation times providing ongoing application management and support during the entire lifecycle of the solution at unmatched cost in a very customer friendly way. The basis for this offering is the powerful and proven Systemorph Vertex Smart Data Platform.
With IFRS 17 reliable data management gets even more important as the requirement for data granularity and traceability are increasing. Systemorph with its comprehensive data management platform offers tailor-made (end-to-end is possible but we use what is there and makes sense) solutions to fulfil the requirements of IFRS 17 in time at unbeaten cost.
We are looking forward to finding out the solution fitting your needs.
Website: www.systemorph.com
Founder and CEO
For over a decade Roland worked as a business architect in the reinsurance industry, designing models, business processes and software systems for pricing, internal models, economic scenario generation, and operational risk.
Noticing the lack of standard software in this area, Roland founded Systemorph to provide an agile software platform serving the needs of the financial industry for managing business data.
Recognizing early IFRS 17 as on of the most challenging implementations, he turned Systemorph into a specialised company for regulatory requirements.
Head of Product Strategy & IFRS 17 Initiative Lead
Daniel has several years of experience in the reinsurance industry. He started his career as a pricing actuary, where he developed tools and systems for non-life reinsurance.
Afterwards, he moved into treaty underwriting and structuring, working for different markets and lines of business. During this time, he became an expert at costing models and marketing complex reinsurance transactions.
Daniel currently works at Systemorph as Head of Product Strategy and IFRS 17 Initiative Lead.
Head of Sales and Pre-Sales
Martin has held several senior management positions in the Global Insurance Industry over the past 20 years. This include Global Lead for the evaluation and implementation IFRS 17 for Life Actuarial along with the design of the global target operating model, Global Head of General Insurance Claims Business Intelligence, Head of European Governance and Performance Management in P&C Operations, Leading Program Restructuring and being the Head of several Finance functions.
He earned an MBA from the University of Rochester, NY, USA. He is currently the Head of Sales and Pre-Sales for Systemorph and Member of the Executive Board.
Head of Business Development
Andreas has been working in the Financial Services Environment for more than 15 years. He held various Sales Management positions at Mondelez, COLT Technology Services, and Verizon Business. Working at Microsoft he was responsible for Business Development in the Financial Industry as well as Partner & Alliance Management.
Andreas holds a Master of Business Administration of the University of Hamburg, Germany.
At Systemorph he is active as Head of Business Development & Managing Director Germany.
