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IFRS 17 insurance contracts establishes principle for the recognition, measurements, presentation, and disclosure. IFRS 17 aim to provide consistency to all aspects of accounting for insurance contracts and enable analysis, investors and regulators to meaningfully interpret the profitability and liabilities.
IFRS 17 insurance contracts establishes principle for the recognition, measurements, presentation, and disclosure. IFRS 17 aim to provide consistency to all aspects of accounting for insurance contracts and enable analysis, investors and regulators to meaningfully interpret the profitability and liabilities.
GMV is a comprehensive solution for the insurance industry to address the financial accounting requirements of IFRS 17 and to measure and report liabilities. GMV integrates seamlessly with existing infrastructure, linking data, model, system, and processes between actuarial and accounting functions.
GMV is a comprehensive solution for the insurance industry to address the financial accounting requirements of IFRS 17 and to measure and report liabilities. GMV integrates seamlessly with existing infrastructure, linking data, model, system, and processes between actuarial and accounting functions.
Why GMV for your Business?
Why GMV for your Business?
Get Compliant Quickly
Get Compliant Quickly
Quickly and accurately comply to IFRS17. Data Collection, calculations, reports and control the process by using our workflow and audit trail.
Accuate Calculations
Accuate Calculations
Accurately calculate present value of future cash flows, liability for remaining coverage, incurred claims, contractual service margin, onerous contract and analyze movement.
Easy Connection
Easy Connection
Our solution plugs into your existing systems architecture. GMV easily connects to actuarial, finance, and risk systems and centralizes all contract data.
At a Glance
At a Glance
Movement Analysis
Movement Analysis
Analyse changes in fulfilment cash flows and experience adjustment, claims and premiums into CSM or liability by reporting period and GoC.
Sensitivity Analysis
Sensitivity Analysis
Provides complate insight into insurance revenue by analyzing the impact of sensitivity on insurance service results and insurance finance profit/loss.
Flexible Reporting
Flexible Reporting
Provides summary of results and dashboards for analysis, financial or management reporting.
Journal Entry Format
Journal Entry Format
Get Visibility into the journal entries resulting from the accounting process through pre-configuration of business rules.
Easy to Use Solution
Easy to Use Solution
Consolidate input data from various source system into a single platform, gain transparency across the calculation and reporting.
Systematic Workflow
Systematic Workflow
Optimize data, number of calculations, and evaluation of insurance contracts with automation, and rapid processing.
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