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How Finalyse can help
IFRS 9 for insurers
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.
Key Features
- Simple and intuitive approach that demands little contribution from the insurers themselves
- The standard tool can be further adjusted to incorporate specific methodologies on demand
- This solution may be provided as a managed service or directly implemented at the client’s site
- Provides all necessary inputs for disclosure requirements (reporting) on the impairment model stream
- The solution can be easily embedded to the data and IT infrastructure of the client
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 InsuranceFinalyse 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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