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IFRS 9 for insurers

Calculation and Modelling Solution
Designed to meet requirements of Risk Management department

The new standards require insurers to calculate 12-month and lifetime Expected Credit Loss in the forward looking way that would capture current trends in the business cycle. For this purpose Finalyse offers a tool that is highly flexible and can effortlessly be adjusted to the specific environment of each individual client (i.e. model specifications as well as layout).

The service is tailored for: Government bonds, Government related bonds, Supranational institution bonds, Covered Bonds, Financial bonds and Corporate Bonds. Can be also useful for: Pools of mortgages, Mortgage backed securities, Loan Commitments

How does Finalyse address your challenges?

Simple
Methodology that is easy to explain, understand, implement and is based on solid theory and does not require complicated data sets.

Flexible
We can adjust the specificities of our ECL modelling to accommodate for particularities of your enterprise/assets and reflect them better

Targeted
Our methodology is specifically designed for Insurance companies and the assets they typically hold.

Contemporary
Finalyse can leverage its substantial experience in providing similar services to the banking institutions.

Time-saving

We do the heavy lifting developing the ECL models so that insurance institutions could allocate their time and expertise to the core activities.
 

Eased compliance without much strain on operations

Development of new methodologies and models that are essential from a regulatory standpoint but do not contribute much to the overall business.

To get all your questions answered
Contact us

How does it work in practice?

Key Features

  1. Simple and intuitive approach that demands little contribution from the insurers themselves
  2. The standard tool can be further adjusted to incorporate specific methodologies on demand 
  3. This solution may be provided as a managed service or directly implemented at the client’s site 
  4. Provides all necessary inputs for disclosure requirements (reporting) on the impairment model stream
  5. The solution can be easily embedded to the data and IT infrastructure of the client
Bruno Kahilu Muyeye
Managing Consultant - Expert in SAS Solutions / IFRS 9 for Insurers / CRR3 & Basel IV

Bruno Kahilu Muyeye is a Managing Consultant with more than 10 years in risk management. He has a broad knowledge of SAS Risk Solutions for Banks and Insurance companies and has been involved in several SAS implementation projects such as Regulatory Capital Management (RCM), IFRS9/IFRS17, SAS Insurance Capital Management, and Market Risk Management. Bruno is a certified Financial Risk Manager (FRM) and Professional Risk Manager (PRM).

Finalyse Insurance

Finalyse offers specialized consulting for insurance and pension sectors, focusing on risk management, actuarial modeling, and regulatory compliance. Their services include Solvency II support, IFRS 17 implementation, and climate risk assessments, ensuring robust frameworks and regulatory alignment for institutions.

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About Finalyse

Our aim is to support our clients incorporating changes and innovations in valuation, risk and compliance. We share the ambition to contribute to a sustainable and resilient financial system. Facing these extraordinary challenges is what drives us every day.

Finalyse Careers

Unlock your potential with Finalyse: as risk management pioneers with over 35 years of experience, we provide advisory services and empower clients in making informed decisions. Our mission is to support them in adapting to changes and innovations, contributing to a sustainable and resilient financial system.