Claim Reserving Tool for IFRS 17 Implementation

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The Claim Reserving Tool for IFRS 17 Implementation is a tool  (developed in MS Excel environment) designed based on hands-on experience from multiple IFRS 17 implementations.

Implementing IFRS 17 comes with significant data, modeling, and transformation challenges—especially when it comes to claims reserving. This tool provides a practical, transparent solution to support this process.

Key benefits of our solution:

  • Innovative triangle transformation - Transforms traditional Accident Period / Development Period triangles into the Underwriting Period / Development Period format preferred under IFRS 17.
  • Built-in logical checks - Ensures consistency and reliability throughout the calculation process.
  • Detailed output insights - Enables clear allocation of claims across accident, underwriting, and development periods.
  • Flexible and customizable - Easily adaptable to your specific requirements - whether independently or with our support.
  • Standalone or scalable - Can be used as a standalone calculator or integrated into our IFRS 17 cube solution for more advanced valuation needs.

 Input requirements are straightforward: a completed cumulative triangle and a selected development pattern.

Although the application is easy to understand, we can also provide clients with a comprehensive training of the tool handling, related theory, or other services.

If required, we can agree on tailor-made adjustments of the tool to cover further specific needs.

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It could be used separately as a stand-alone calculator. Or if you need more valuation models, it could be a part of the IFRS17 Cube solution (see link below).

We also have other IFRS 17 tools. For further information, follow the link to each tool:

IFRS17 GMA calculator - link

GMA RI held calculator - link

IFRS17 VFA proxy calculator - link

IFRS17 PAA calculator - link
IFRS17 PAA RI held calculator - link
IFRS17 Transition calculators - link
IFRS17 Cube solution - link
IFRS17 Add-ins - link
IFRS17 Eligibility tools - link
IFRS17 Illustrative models - link

 

We often support clients directly as consultants. For further information about our IFRS17 services, please follow the link.

For further information about IFRS 17, see also our useful links.

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Please contact us for further information!

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