SAP INSURANCE ANALYZER
Integrated Finance and Risk Management for Insurance

Timely, Consistent and Accurate

Insurance stakeholders including customers, employees, shareholders and regulators need to continually ensure the profitability and solvency of insurers. Our experience in the insurance industry has made it clear that many insurance companies are struggling to provide timely, consistent and accurate information, especially between different business departments including financial, actuarial and underwriting business departments. Insurance companies need to rethink their allocation processes, data extraction and reporting, especially as we approach 2021 and the IFRS 17 reporting guidelines. 

SAP Insurance Analyzer is a powerful finance and risk tool that standardizes and consolidates asset and liability information into one comprehensive subledger view which represents single point of truth for insurance back office. 

Subledger Approach for Assets and Liabilities
Subledger Approach for Assets and Liabilities
Centralized Valuation and Accounting Logic
Centralized Valuation and Accounting Logic
Integration of SAP GL and Other Reporting Systems
Integration of SAP GL and Other Reporting Systems
Compliance with Accounting (IFRS9, IFRS17) and Solvency II Standards
Compliance with Accounting (IFRS9, IFRS17) and Solvency II Standards
Strategic Decisions Made Easy
Strategic Decisions Made Easy

SAP Insurance Analyzer Key Functionalities

  •  Create subledger documents
  •  Calculate key figures based on unified source data from multiple source (operational) systems
  •  Monitor financial and risk key measures in real time
  •  Unified Data Model for insurance (FRDP)
  •  Reconciliation, audit trails and drill down capabilities
  •  Pre-configured Business Content for IFRS17

SAP Insurance Analyzer supports all complex calculations and valuations as stated in IFRS 17. One of the pre-configured use cases is the automatization of complex calculations for General Measurement Model.

Preconfigured with Best Practices

SAP Insurance Analyzer provides compliance in both centralized and decentralized architectures. It offers business content for IFRS 17 with a best-practice preconfigured system to manage necessary regulatory requirements. The solution is adaptable to existing IT landscapes, and can accommodate different levels of granularity, from portfolio to single contract level.

Adapts to Insurers Processes
Adapts to Insurers Processes

Different scenarios are possible between the actuarial and finance domain. Different granularities possible (single - contract vs. portfolio).

Adapts to Group Structure
Adapts to Group Structure

SAPs Multi-Entity, Multi-Language and Multi-currency infrastructure allows IFRS17 to run in a centralized or decentralized architecture.

Adapts to Existing IT Landscape
Adapts to Existing IT Landscape

SAP can interface existing SAP or non-SAP General Ledgers, Warehouses and Actuarial Tools. Deploy via Cloud or on premise.

What do you need?

We’ll work with you to help you understand all your options; to help you select the option that best suits your needs, your budget, your schedule, and your preferences; and to help you make the right decisions about the right tools to get your business running the way you want it to run. 

Contact us today to learn more about all the ways we can help you do more business, more efficiently.

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Edward Wilczynski
Member of the Executive Board

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Josef Kerschensteiner
Member of the Executive Board

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Chirag Shah
Member of the Executive Board

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