МСФО 17 «2023: дополнительное время — не повод …...18 мая 2017...

Онлайн-конференцияМСФО 17 laquo2023 дополнительное время mdashне повод расслаблятьсяraquo29 сентября 2020

Онлайн-конференцияМСФО 17 laquo2023 дополнительное время mdash не повод расслаблятьсяraquo

2copy 2020 АО laquoДелойт и Туш СНГraquo Все права защищены

План онлайн-конференции

Содержание Время

1 Вступительное слово 1400-1410

2 Рассмотрение поправок к МСФО 17 laquoДоговоры страхованияraquo

1410-1455

3 Обзор FIS-Prophet и пример применения МСФО 17 1455-1540

4 Опыт международной команды 1540-1545

5 Панельная дискуссия о ключевых трудностях с которыми сталкиваются участники рынка при внедрении МСФО 17 в России

1545-1630

Наталья Канакова

Старший менеджерУправление рисками

laquoДелойтraquo в СНГ Москва

nkanakovadeloitteru

Жасмина Халикян

МенеджерГруппа по оказанию актуарных услуг


zkhalikyandeloitteru

Дмитрий Качурин

Ведущий эксперт Группа по оказанию актуарных услуг


dkachurindeloitteru

Ведущие онлайн-конференции со стороны Deloitte




dkachurindeloitteru

Анна Зданевич

Партнер Аудиторские услуги


azdanevychdeloitteru



Ситуация на текущий моментВнедрение МСФО (IFRS) 17

20232018 2020 2021 20222019

17 марта 2020 года Совет по МСФО принял решение о том что дата вступления в силу МСФО (IFRS) 17 будет перенесена на годовые отчётные периоды начинающиеся с 1 января 2023 года или после этой даты Совет по МСФО также решил продлить действие освобождения от применения стандарта МСФО (IFRS) 9

laquoФинансовые инструментыraquo для страховщиков чьим преобладающим видом деятельности является страхование чтобы они могли применить оба стандарта одновременно

2017 2024

Дата публикации МСФО (IFRS) 17

18 мая 2017 года

Совет по МСФО решил отложить внедрение МСФО (IFRS) 17 в ноябре 2018 года

Выпуск предварительных изменений в МСФО (IFRS) 17

открытых к обсуждению 26 июня 2019 года

Выпуск окончательных

поправок к МСФО (IFRS) 17 в конце июня 2020 года

Начало периода сравнительной финансовой отчетности МСФО

(IFRS) 17

МСФО (IFRS) 17 вступает в силу 1 января 2023 года

Выпуск первых финансовых отчётностей в соответствии с

требованиями МСФО (IFRS) 17

Временное освобождение от

применения МСФО (IFRS) 9

для организация чьим преобладающим видом деятельности является страхование

Изначальный срок истечения временного освобождения от применения МСФО (IFRS) 9

Период внедрения

Финальный срок истечения временного освобождения от применения МСФО (IFRS) 9

Выпуск финансовой отчетности

Утверждение МСФО (IFRS) 17Европейской консультативной группы по

вопросам финансовой отчетности (EFRAG) ожидается в III квартале 2021

года



Поправки к МСФО 17



Причины и целиПоправки к МСФО 17

Источник The International Accounting Standards Board (IASB)

Сократить затраты необходимые для перехода на МСФО 17

Повысить качество раскрываемойинформации

Облегчить переход на МСФО 17

bull Признание и распределение аквизиционных денежных потоков

bull Изменение в признании возмещения по договорам перестрахования в отчете о прибылях и убытках

bull Распределение маржи за предусмотренные договором страхования инвестиционные услуги (CSM)

bull Возможность снижения финансового риска для договоров входящего перестрахования и непроизводных финансовых инструментов

bull Перенос даты вступления в силу МСФО 17 а также продление периода освобождения от применения МСФО (IFRS) 9 для страховых компаний до 1 января 2023 года

bull Упрощенный учёт обязательств по урегулированию убытков по договорам возникшим до даты перехода на МСФО 17

bull Послабления в применении техник для снижения финансового риска

bull Возможность определения инвестиционного договора с условиями дискреционного участия в момент перехода на новый стандарт нежели в момент возникновения договора

bull Исключение некоторых видов договоров из сферы применения МСФО 17

bull Упрощенное представление активов и обязательств связанных с договорами страхования в отчёте о финансовом положении

bull Влияние учётных оценок сделанных в предыдущих промежуточных финансовых отчетностях

С момента публикации МСФО 17 в 2017 году Совет по МСФО провел комплексную программу по взаимодействию с заинтересованными лицами страховыми компаниями аудиторами и регуляторными органами В результате Советом были определены вызовы с которыми столкнулись страховые компании в процессе внедрения стандарта В конце июня 2020 года Совет опубликовал Поправки к МСФО 17 которые направлены на достижение трёх основных целей



Исключение некоторых видов договоров из сферы применения МСФО 17


Кредитные карты со страхованием приобретенных товаров в определенном ценовом диапазоне

Договоры страхования которые обеспечивают страховое покрытие только для урегулирования обязательств страхователя в случае если указанное неопределенное будущее событие отрицательно повлияет на страхователя и его способность погасить обязательства самостоятельно bull займы с освобождением от уплаты

в случае смертиbull образовательные кредитыbull обратная ипотека

значительный страховой риск

Организациям было необходимо изменить учёт данных договоров с МСФО 9 на МСФО 17

Если МСФО 4 допускал добровольное отделение кредитной составляющей от договора страхования то МСФО 17 запрещает это и требует отделение только отличимых инвестиционных составляющих Поскольку данные займы не являются отличимыми инвестиционными составляющими МСФО 17 должен быть применён ко всему договору

Исключение из сферы действия стандартаbull договоры на обслуживание кредитных картbull дебетовые картыbull платёжные картыbull договоры потребительского финансированияbull текущие и депозитные счетаbull счета овердрафта

только в том случае если организация не отражает оценку страхового риска связанного с определённым клиентом при определении премии по данному договору

Возможность выбора применять к договорам страхования МСФО 17 или МСФО 9 Организация должна выбрать способ учётаотдельно для каждого портфеля договоров страхования выбор не может быть впоследствии пересмотрен

Сокращение затрат необходимых для перехода на МСФО (IFRS) 17

IFRS 17 Par 3 7 (h) 8AIFRS 9 Par 21 (e) (iv)



Упрощённое представление активов и обязательств связанных с договорами страхования в отчёте о финансовом положении


Актив Актив

Обязательство Обязательство

В первоначальной версии МСФО 17 в отчете о финансовом положении организация должна раздельно представлять балансовую стоимость по группам

В результате большинство групп будут в обязательствах и некоторые группы окажутся в активах

В обновлённой версии МСФО 17 в отчете о финансовом положении организация должна раздельно представлять балансовую стоимость по портфелям

В результате в большинстве случаев портфель на агрегированном уровне будет в обязательствах

IFRS 17 Par 14 78Концептуальные основы МСФО Пар 710

группа по-прежнему остается требуемым уровнем агрегации договоров страхования при признании и оценке Также информация на уровне группы может по-прежнему быть необходима для удовлетворения требований по раскрытию информации в финансовой отчетности Например суммы представленные в отчете о финансовом положении необходимо разделить в примечаниях на обязательства по оставшейся части страхового покрытия за исключением компонента убытка компонент убытка и обязательства по возникшим страховым убыткам В данном случае если некоторые группы в портфеле будут обременительными информация будет раскрыта на уровне ниже уровня портфеля

Потеря некоторой информации в представлении финансового положения организации из-за взаимозачета можно считать приемлемой учитывая что поправка сокращает затраты на подготовку финансовой отчетности и не нарушает текущие процессы внедрения стандарта

Результат введения данной поправки сокращение затрат на подготовку финансовой отчетности сокращение суммы активов по портфелю договоров страхования представленную в бухгалтерском балансе




Влияние учётных оценок сделанных в предыдущих промежуточных финансовых отчетностях


учет зависит от периодичности

предоставления отчётности

В первоначальной версии МСФО 17 пункт B137 не позволял предприятиям изменять порядок учета бухгалтерских оценок сделанных в предыдущем промежуточном периоде в последующем промежуточном или годовом отчетном периоде Применение этого требования означало что частота представления отчетности влияет на оценку годовых результатов

Согласно МСФО (IAS) 34 laquoПромежуточная финансовая отчетностьraquo периодичность отчетности организации не должна влиять на оценку ее годовых результатов

Совет по МСФО внес поправки в МСФО 17 требуя от организации

сделать выбор в отношении учетной политики следует ли изменять учетные оценки сделанные в предыдущих промежуточных финансовых отчетах при применении МСФО 17 в последующем промежуточном периоде или в годовых финансовых отчетах

применять свой выбор учетной политики ко всем заключенным договорам страхования и договорам перестрахования (те выбор учетной политики происходит на уровне отчитывающейся организации что означает что выбор дочерней компании при выпуске финансовой отчетности не обязательно должен совпадать с выбором сделанным на уровне консолидированной финансовой отчетности в которую входит дочерняя компания даже если она единственная)

текущее и прошлое обслуживание

маржа за предусмотренные договором услуги (CSM)

состав прибыли или убытка

будущее обслуживание

корректировка на основе опытаИзменения в оценках денежных

потоков по выполнению договоров


IFRS 17 Par В137IAS 34



Маржа за предусмотренные договором услуги (CSM) признанная в отчёте о прибылях и убытках

Квартал 1 Квартал 2 Квартал 3 Квартал 4 Год 1Баланс CSM на конец первого

года

Страховая компания А (ежеквартальная отчётность) 625 625 625 025 19 1

Страховая компания Б (ежегодная отчётность) 10 10

Равномерное распределение

CSM оцененной

первоначально 50(42)=625

Ожидание дополнительных претензий на сумму 30

Распределение баланса CSM на конец 3-его квартала

50 ndash 6253 = 3125

3125 ndash 30 = 125

125 (1 + 41) = 025

Равномерное распределение CSM с учетом ожидания

дополнительных претензий на сумму 30

(50-30)2=10

10 в Год 1

10 в Год 2


дополнительных претензий на сумму 30 и уже признанной

прибыли в первый год

50-30ndash19=1

19 в Год 1

1 в Год 2

Вывод Согласно первоначальной версии МСФО 17 на конец первого года Страховая Компания А признает прибыль равной сумме высвобождения CSM за год (19 уе) и баланс CSM на конец первого года равен 1 уе когда как согласно обновленной версии МСОФ 17 на конец первого года Страховая Компания А признает прибыль равной 10 уе проводит сторнирование ранее признанной прибыли в размере 9 уе и баланс CSM на конец первого года равен 10 уе В результате показатели в финансовых отчетностей обеих компаний по данному договору будут одинаковыми


Поправки к МСФО 17Сокращение затрат необходимых для перехода на МСФО (IFRS) 17



Признание и распределение аквизиционных денежных потоков (13)Поправки к МСФО 17

1 непосредственно связанные с группой договоров страхования2 с договорами схожими с составом договоров в первоначальной группе

Ранее стандарт требовал от организаций полного и немедленного распределения страховых аквизиционных денежных потоков даже если часть этих денежных потоков связана с пролонгацией договоров страхования которые организация ожидает признать в будущем В результате в случаях когда невозвращаемое комиссионное вознаграждение агенту превышает премию за первоначальный договор данный договор признается убыточным (обременительным)

Денежный потокГод 1

(первоначальный договор)

Год 2 (ожидаемая

пролонгация)



Премия 100 100 100

Убыток

Комиссия (150)

Ожидаемый (убыток)незаработанная прибыль (50) 100 100







Премия 100 100 100

Убыток

Комиссия (50) (50) (50)

Ожидаемый (убыток)незаработанная прибыль 50 50 50

Актив для аквизиционныхденежных потоков (100)

bull Использование систематического и рационального метода распределения страховых аквизиционных денежных потоков bull Пересмотр данных сумм на конец каждого отчётного периода с целью отразить любые изменения в допущениях Организация не должна изменять суммы аквизиционных денежных потоков распределённые между группами договоров страхования после того как все договора были определены в группу

Первоначальная группа договоров

Группа ожидаемых пролонгаций1

Период до признания договоров


Актив для страховых

аквизиционныхденежных потоков2

Часть актива











До поправки

После поправки

Повышение качества раскрываемой информации

IFRS 17 Par 27 38 (b) 28A 28B B35A B35B B35C




В конце каждого отчётного периода организация должна оценить восстанавливаемость актива для страховых аквизиционных денежных потоков если факты или обстоятельства указывают на то что актив может быть обесценен

Двухэтапный тест на обесценение

Актив для страховых аквизиционных денежных потоков 20YY 20XX

Начальное сальдо x x

Дополнительные аквизиционные денежные потоки x x

Сумма списанная за период в связи сраспределением по соответствующей группе контрактов

(x) (x)

Убыток от обесценения (x) (x)

Сторнирование убытков от обесценения x x

Конечное сальдо x x

Требования к раскрытию информации

Организации необходимо раскрыть как изменялась сумма актива для страховых аквизиционных денежных потоков в течение отчётного периода

20YY 20XX

В течение 1 года x x

Через 1-3 года x x

Через 4-5 лет x x

Больше 5 лет x x


01

Общая сумма аквизиционныхденежных потоков

02

Комиссия агенту рассчитанная на несколько периодов

Групповой тест на обесценениеСогласно пункту B35D организация должна скорректировать балансовую стоимость актива для аквизиционных денежных потоков в той мере в которой балансовая стоимость актива не будет превышать ожидаемый чистый приток денежных средств соответствующей группы договоров страхования определенный при первоначальном признании данной группы

Дополнительный тест на обесценениеОрганизация обязана проводить дополнительный тест на обесценение ожидаемых входящих денежных средств связанных с продлением действующих договоров Этот тест позволяет организации признать убыток связанный с тем что организация более не ожидает продление договоров и убыток связанный с тем что организация ожидает сумму входящих денежных потоков по действующим договорам меньше чем балансовая стоимость актива


IFRS 17 Par В137 28E BC184K B35D 28F 105A 105B B66A




Актив для страховых аквизиционных денежных потоков при переходе на МСФО 17 или объединениях бизнеса (слиянияпоглощения)

Ретроспективный подход

Модифицированный ретроспективный подход

Подход на основе справедливой стоимости

Организация должна определить актив для страховых аквизиционных денежных потоков равный сумме аквизиционных денежных потоков которые возникли бы у организации на дату перехода для права получения1 Возмещения страховых аквизиционных денежных потоков от премий по договорам страхования заключенных до даты перехода

но не признанные на эту дату2 Будущих договоров страхования связанных с продлением договоров страхования признанных на дату перехода и договоров

страхования заключенных до даты перехода но не признанные на эту дату3 Будущих договоров страхования после даты их заключения по которым страховые аквизиционные денежные потоки уже были

выплачены страховщиком которые непосредственно относятся к соответствующему портфелю договоров страхования

Совет по МСФО изменил требования касательно переходного положения согласно которым чтобы применять МСФО ретроспективно на дату перехода организация должна идентифицировать признать и оценить любой актив связанный со страховыми аквизиционными денежными потоками как если бы МСФО 17 применялся всегда

1 Идентифицировать страховые аквизиционные денежные потоки оплаченные до даты перехода на стандарт2 Распределить полученные суммы в пункте 1 согласно систематическому и рациональному методу который будет применяться

организацией в дальнейшем между группами договоров страхования признанных на дату перехода (а) и после даты перехода (b)3 Скорректировать оценку маржи за предусмотренные договором услуги (CSM) для групп договоров страхования признанных на дату

перехода путем вычета суммы страховых аквизционных денежных потоков определённых в пункте 2 (a)4 Признать актив для страховых аквизиционных денежных потоков по группам договоров страхования которые организация ожидает

признать после даты перехода на сумму определённую в пункту 2 (b)


IFRS 17 Par C4(aa) C14B C14C C14D C24A



Изменение в признании возмещения по договорам перестрахования в отчете о прибылях и убытках


Заключенные договора страхования

Премии 100

Убытки (150)

Ожидаемый убыток (признается сразу же) (50)

Договоры перестрахования

Перестраховочные премии (125)

Убытки возмещенные по перестрахованию 120

Чистые расходы (признается со временем) (5)



Убытки возмещенные по перестрахованию из которыхbull По пропорциональному перестрахованиюbull Остальные убытки

120

40

80

Чистые расходы (5)

из которых- Прибыль признается сразу жеbull Скорректированные чистые расходы признаются со временем

40

(45)

Совет по МСФО изменил требования относительно оценки маржи запредусмотренные договором услуги по группе удерживаемых договоровперестрахования обязав организации признать доход в момент когда признаетсяубыток при первоначальном признании обременительной группы соответствующихдоговоров страхования или добавлении обременительного договора в эту группу Признание дохода по группе удерживаемых договоров перестрахования возможно только в том случае если данные договора перестрахования были признаны до или в момент признания соответствующих обременительных договоров

bull Для удерживаемых договоров перестрахования организация должна определить компонент возмещения убытка для актива относящегося к оставшемуся покрытию как произведение компонента убытка связанного с обязательством по оставшемуся периоду страхового покрытия соответствующих обременительных договоров страхования и доли убытков соответствующих обременительных договоров по которым организация ожидает получить возмещение убытков от соответствующих удерживаемых договоров перестрахования

Компонент возмещения убытка должен признаваться как часть гудвила или прибыль от выгодной покупки для удерживаемых договоров перестрахования приобретенных при объединениях бизнеса или как доход в составе прибылиубытка от договоров приобретенных при передаче портфеля


IFRS 17 Par 47 66 66A B119D B119C B95B B95C C16A C20

- договор перестрахования согласно которому перестраховщик возмещает 80 всех убытков



Распределение маржи за предусмотренные договором страхования инвестиционные услуги (CSM)


Количество выгод по договору и его продолжительностьопределялись только относительно страхового покрытия Услуги связанные с инвестиционной деятельностью предоставляемые в рамках договора страхования нерассматривались

Совет по МСФО изменил порядок признания прибыли подоговорам страхования чтобы отразить предоставление

страхового покрытия и любых инвестиционных услуг

Год 1 Год 2 Год 3 Год 4 Год 5 Год 6 Год 7 Год 8 Год 9

Страховое покрытие

Инвестиционная составляющая

Признание прибыли за услуги по договору страхования



Услуги по получению инвестиционного дохода


Договор без условий прямого участия может предоставлять услуги по получению инвестиционного дохода в том и только том случае когдаbull в договоре присутствует инвестиционная составляющая или у страхователя есть право отозвать суммуbull организация ожидает что инвестиционная составляющая или сумма которую страхователь имеет право отозвать включают в себя доход от инвестицийbull организация планирует осуществлять инвестиционную деятельность для получения предполагаемого инвестиционного дохода

К денежным потокам в рамках договора страхования относятся расходы которые организация понесёт за осуществление инвестиционной деятельности

Поправки к требованиям по раскрытию информации1 раскрытие информации о том когда организация ожидает признать маржу за предоставленные договором услуги оставшуюся на конец отчетного периода в составе

прибыли или убытка используя для этого количественный подход с указанием соответствующих временных промежутков 2 раскрытие информации о значительных суждениях и изменениях в суждениях использованных для того чтобы

определить относительный вес выгод предоставляемых страховым покрытием и услугами по получению инвестиционного дохода или страховым покрытием и услугами связанными с инвестициями


IFRS 17 Par B119 BC283C BC283E B65(ka) 109 117



Возможность снижения финансового риска для удерживаемых договоров перестрахования и непроизводных финансовых инструментов


Между договорами страхования данным производным инструментом и непроизводным инструментом оцененным по справедливой стоимости в отчете о прибылях и убытках или удерживаемым договором перестрахования существует экономически компенсирующий эффект то есть стоимость договоров страхования и стоимость соответствующего инструмента снижения риска как правило изменяются в противоположных направлениях поскольку они реагируют аналогичным образом на изменения риска который организация пытается снизить При оценке экономически компенсирующего эффекта организация не должна принимать во внимание разницу в подходах к оценке для целей бухгалтерского учета

1 при условии что производный инструмент не является базовой статьей

Страховщик может использовать производные инструменты для снижения финансового риска возникшего врезультате заключения договора страхования с условиями прямого участия что в результате приводит кнесоответствию в бухгалтерском учёте

Снижение риска возможно только если

Организация применяет ранее документально оформленную цель управления рисками и стратегию снижения финансового риска01

02

Кредитный риск не оказывает доминирующего влияния на экономически компенсирующий эффект03

МСФО 17 предоставляет страховщикам возможность снижения риска что позволяет признать эффект от соответствующего изменения финансового риска по договору страхования в составе прибыли или убытка вместо того чтобы корректировать маржу за предусмотренные договором услуги

Изменения в справедливой

стоимости производного инструмента1

МСФО 9

МСФО 17 ndash метод с переменным вознаграждением



Удерживаемый договор

перестрахования

Договорстрахования

риска

условия прямого участия


метод с переменным вознаграждением



маржа за предусмотренные договором услуги

Увеличить возможность снижения риска договоры перестрахования и непроизводные инструменты оцененные по справедливой стоимости в отчёте о

прибыли или убытке


IFRS 17 Par B115-B116IFRS 9



Упрощенный учёт обязательств по урегулированию убытков по договорам возникшим до даты перехода на МСФО 17


В первоначальной версии МСФО 17 обязательства по договорам страхования относящиеся к урегулированию убытков обрабатываются по-разному в зависимости выпустил ли их сам страховщик или приобрел в рамках сделки

Обязательство по урегулированию убытков произошедших до приобретения передачи договоров переносит риск возникновения неблагоприятных требований для покупателя и классифицируется как обязательство по оставшейся части страхового покрытия Данная классификациях приводит к признанию страхового дохода в приобретающей организации в будущих периодах

= поправки к МСФО 17

Договоры выпущенные страховщиком

Договоры приобретенные при

объединении бизнеса или передаче портфеля

Обязательство по произошедшим

убыткам

Обязательство по оставшейся части

страхового покрытия

Убытки произошли после даты

приобретения

Да

Нет

Обязательства классифицируются следующим образом

Учет приобретенных обязательств по урегулированию страховых убытков в соответствии с поправками к МСФО 17

Может ли МСФО 17 применяться ретроспективно к группе договоров

Полный ретроспективный подход


Подход справедливой стоимости

Выбрать подход

Убытки произошедшие

до даты приобретения

Все остальные убытки

Все остальные

убытки

Есть обоснованная и подтверждаемая информация по убыткам произошедших до

даты приобретения

Вы

бр

ать

клас

сиф

ика

ци

ю

Обязательство по произошедшим убыткам

Обязательство по оставшейся части страхового покрытия

Классификация приобретенных убытков

Да

Нет

МСФО 17 переходный подход

Анализ Анализ

Классификация обязательств

Облегчение перехода на МСФО (IFRS) 17

IFRS 17 Par В5 С9А С22АIFRS 3



Послабления в применении техник для снижения финансового рискаПоправки к МСФО 17

Датой первоначального применения является начало годового отчетного периода в котором организация впервые применяет МСФО 17 а датой перехода является начало годового отчетного периода непосредственно предшествующего дате первоначального применения

Применение возможности снижения риска перспективно - организация должна применять МСФО 17 ретроспективно кроме случаев когда это является практически неосуществимым Организация может применить возможность снижения риска перспективно на момент или после даты перехода но лишь в том случае если организация обозначает отношения по снижению риска которые она будет применять в момент или до даты применения данной опции

Применение подхода справедливой стоимости при переходе для группы договоров страхования с условиями прямого участия (даже если страховщик может применить полный ретроспективный подход) при одновременном выполнении следующих условий

Применение возможности снижения риска возникающего из группы договоров страхования перспективно с даты перехода

Использование производные инструменты или удерживаемые договоры перестрахования для снижения финансового риска возникающего из группы договоров страхования до даты перехода

1

2


Эта возможность не может быть применена в периоды до даты первоначального применения МСФО 17 потому что она может способствовать использованию информации задним числом

Оценка группы договоров страхования на базе текущий оценке финансовых допущений Любые производные инструменты или договоры перестрахования будут оцениваться по справедливой стоимости При переходе организации необходимо будет отразить bull предыдущие изменения в денежных потоках по выполнению договоров произошедших в результате изменений в

финансовых допущенияхbull изменение справедливой стоимости производных инструментов обеспечивающих снижение риска


IFRS 17 Par B115 C2 C3 C5(b)



Возможность определения инвестиционного договора с условиями дискреционного участия в момент перехода на новый стандарт нежели в момент возникновения договора

Поправки к МСФО 17Облегчение перехода на МСФО (IFRS) 17

Чтобы применить МСФО 17 в первый раз организациям необходимо определить к каким договорам следует применить данный стандарт

Поправка к МСФО 17 позволяет организации при некоторых обстоятельствах использовать информацию имеющуюся на дату перехода на МСФО 17 вместо информации которая была доступна на момент вступления договора в силу или при его первоначальном признании чтобы оценить является ли данный договор инвестиционным договором с условиями дискреционного участия

Ожидания от данной поправки

Поправка облегчит переход на МСФО 17 для организаций с инвестиционными контрактами

Количество инвестиционных контрактов которые попадут в сферу применения МСФО 17 после того как организации применят поправку будет зависеть от изменений характеристик договора между его датой заключения и датой перехода на МСФО 17

Amendments to IFRS 17 Par BC382



Другие Поправки к МСФО 17

Ниже представлены незначительные поправки к МСФО 17

Область МСФО 17 Параграф Поправка

Оценка В96 Исключение из корректировок маржи за предусмотренные договором услуги (CSM) изменений между ожидаемым и фактическим погашением инвестиционной составляющей или займа страхователя возникающих в результате изменений временной стоимостью денег и финансового риска

Оценка В66 (f) Включение в денежные потоки по выполнению договоров платежей и поступлений по подоходному налогу которые особым образом указаны как подлежащие уплате держателю полиса в соответствии с условиями договора

Оценка В123 (а) Изменения возникающие в результате денежных потоков сумм переданных клиентам в займы и отказа от права требования данных сумм исключаются из выручки по страхованию

copy 2020 АО laquoДелойт и Туш СНГraquo Все права защищены

Наименование laquoДелойтraquo относится к одному либо любому количеству юридических лиц в том числе аффилированных совместно входящих в laquoДелойт Туш Томацу Лимитедraquo (далее mdash laquoДТТЛraquo) Каждое из этих юридических лиц является самостоятельным и независимым Компания laquoДТТЛraquo (также именуемая как laquoмеждународная сеть laquoДелойтraquo) не предоставляет услуги клиентам напрямую Более подробную информацию можно получить на сайте wwwdeloittecomabout

laquoДелойтraquo является ведущей международной сетью компаний по оказанию услуг в области аудита консалтинга финансового консультирования управления рисками и налогообложения а также сопутствующих услуг laquoДелойтraquo ведет свою деятельность в 150 странах в число клиентов которой входят около 400 из 500 крупнейших компаний мира по версии журнала Fortune Около 312 тысяч специалистов laquoДелойтаraquo по всему миру привержены идеям достижения результатов которыми мы можем гордиться Более подробную информацию можно получить на сайтеwwwdeloittecom

Настоящее сообщение содержит исключительно информацию общего характера Ни компания laquoДелойт Туш Томацу Лимитедraquo ни входящие в нее юридические лица ни их аффилированные лица не предоставляют посредством данного сообщения каких-либо консультаций или услугпрофессионального характера Прежде чем принять какое-либо решение или предпринять какие-либо действия которые могут отразиться на вашем финансовом положении или состоянии дел проконсультируйтесь с квалифицированным специалистом Ни одно из юридических лиц входящих в международную сеть laquoДелойтraquo не несет ответственности за какие-либо убытки понесенные любым лицом использующим настоящую публикацию

PROPHET FOR IFRS 17Welcome

29092020

Raphael

ChaloganyRegional

Sales Manager

FIS

Manuel

ZafirakisSenior Actuary

Prophet solutions

FIS

Chris

CannonSenior Solutions Consultant

Prophet solutions

FIS

Speakers

FIS amp Prophet Introduction01

Prophet IFRS 17 Solution02

Enterprise Accounting System (EAS)03

Summary04

QampA05

FIS amp PROPHET INTRODUCTION

24

01

55K 52 $124B $85B

Colleagues Countries Revenue MarketCap

Banking Capital

Markets

Merchants

3

Business

Segments

Prophet History

PROPHET

development

started

Deloitte acquires

Prophet

Prophet Data

Management

Platform

FIS acquires

ProphetSunGard acquires

Prophet

Prophet

Enterprise

launched

Prophet GI

Prophet

Managed

Cloud Services

and Hosted

Services

History of IFRS 17 Developments

27

Launch of Prophet

Control Centre for

process automation

Launch of Assumptions

Manager for separation of

basis setting from models

Drafting of IFRS 17 standard

CA

LC

UL

AT

ION

S

DA

TA

PR

OC

ES

S amp

GO

VE

RN

AN

CE

Introduction

of IFRS 17

Toolkit

Publication and subsequent commentary Revisions to IFRS 17

Integration with FIS

Enterprise Accounting

System

CSM support (2013

exposure draft)

Second update to

IFRS 17 Group

Calculations in

December

Launch of IFRS 17

Group

Calculations in

June

Launch of Nested

Structures for

forecasting of PampL

and balance sheet

Support for

forecasted CSM

in libraries

Further updates to

IFRS 17 Group

Calculations in July

and December

Third update to IFRS

17 Group

Calculations in May

Fourth update to

IFRS 17 Group

Calculations in

December

2015 2016 2017 2018 2019

Prophet ndash Leading IT-Actuarial Solution

28

29

Why Prophet

End-to-end Solution on a Single Platform

- Valuation amp Reserving

- ALM amp Capital

- Pricing amp Business planning

Easy amp Open modelling environment- Pre-coded formulae

- Easy simple coding language

Extensive actuarial libraries

- Life

- Health

- Pension

- General Insurance (Non-life)

IFRS 17 ready-made

PROPHET

Industry Awards

Modelling Team of the Year

InsuranceERM Awards

Data Solution of the Year

InsuranceERM Awards

LDTI Solution of the Year

InsuranceERM Americas Awards

IFRS 17 LDTI Compliance

Data Management amp Reporting

Chartis RiskTech Quadrant


Actuarial Modeling Solutions



Accounting Systems Solutions


Industry Awards

Ranked 1

in the Chartis Risk Tech 100

Category Winner

for Insurance

Chartis Risk Tech 100

Category Winner

for IFRS 17


IFRS 17 Technology Solutions


IFRS 17 Solutions Provider

of the Year

AsiaRisk Awards

PROPHET IFRS 17 SOLUTION

32

02

Prophet IFRS 17 Solution Overview

FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of

contract liabilities

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

GOVERNANCE AND CONNECTIVITY

33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34

Prophet models provide the

building blocks for calculation

of the Fulfilment Cash Flows

for Life and Non-Life business

Cashflow Models

IFRS 17 Calculation Flow

Prophet

Life

Fulfilment CF

Building a Model in ProphetLibraries

bull Prophet is supplied with a number of standard libraries that cater to various type of calculations

bull These libraries holds the default actuarial definitions and formulas

bull All calculations are accessible to the users (transparent)

bull Users can change the default definitions in the libraries and customise them to the company specific needs

Life Health and Pensions

ndash International Library

ndash Unit Linked Library

ndash PHI Library

ndash Conventional Library

ndash Group Pensions Library

ALM

ndash Asset Liability Strategy Library (ALS)

ndash Summary Library (included with the system)

ndash Variable Annuities

ndash Replicating Portfolio and Curve fitting

ndash Financial Services Library

General Insurance (Non-Life)

ndash Capital Modelling (+curve fitting)

ndash Reserving

Specific Purpose Libraries

ndash IFRS Group Calculation Library


37

Prophet IFRS 17 Group

Calculations Library calculates

the CSM and results required

for the financial statements amp

disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

Scope of IFRS 17 Group Calculations library

UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems

Allow for outcome of

onerous tests

IFRS17 CalculationsCashflow Models


Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement

Run off in line with

coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries

Financial Statements

Disclosures

Excel reporting

templates are provided

to assist with

understanding of the

results

Allow for checking and

analysis of values

before passing to

finance

EXCEL

TEMPLATES

FIS IFRS 17 Approach ndash CSM and Financial StatementReporting and scenarios


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports

The FIS approach builds on existing investments to

provide a governed and controlled IFRS 17 solution

that serves both actuarial and accounting needs

FISrsquo IFRS 17 Solution Overview


44

Outputs

FIS Prophet Data amp Calculation Flow

Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF

DEVELOPMENT POST-PRODUCTION

Process automation

Business intelligence and regulatory reporting

PRE-PRODUCTION

PRODUCTION

Model specification

Data SourcesPolicy Finance etc

Data Conversion System

Assumption Manager

Prophet

Control Centre

bull Automates Prophet jobsbull Maintains process audit trailbull Manages data transfer between stagesbull Enhances data lineage and traceability

Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models

Prophet suite components

External componentssources

Prophet Professional

bull Model development

bull Promotes model to production

bull Standard IFRS 17 calculations

for reporting

Prophet Enterprise

bull Executes runs with

additional scalability

bull Produces consistent

and auditable results

bull Optional AVX processing

Prophet IFRS 17 reference solution

Insurance Data Repository

bull Maps results to business context

bull Provides standard reporting schema

bull Supports BI dashboards and external data load

Additional data finance etc

Reporting and dashboards

Flexible Results

DDBMS amp on-demand results transfer

Enterprise Accounting System

bull Post journal entries from Prophet

bull Generate financial reports and disclosures

bull Interface to Corporate Ledger

Managed Cloud Services

Centralized decentralized deployments

On premise installation

AUTOMATION

PROPHET ENTERPRISE ACCOUNTING SYSTEM (EAS)

47

03


48

The Prophet sub-ledger

enables accountants to view

and drill into results amp run

reports adjust and approve for

export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Prophet EAS Sub-LedgerCapabilities Summary

Sub-Ledger View

Prophet handles

IFRS17 calculations

which are presented in

a subledger accounting

framework It can

handle multiple

companies multiple

company transactions in

different currencies and

multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level

Ability to review the

data at many different

levels including Totals

GL accounts Product

Line of Business

Cohorts contract

groups contract years

etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Can be run directly from

the subledger including

Income Statement

Balance Sheet and Trial

Balance with the ability

to drill down into details

of the financial

statement line items as

part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings

Allows journal level

results to be imported

from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data

can be extracted to a

corporate General

Ledger

SUMMARY

61

04

Summary

bull With Prophet for IFRS 17 you can meet all the requirements of compliance

on a single platform ndash from fulfilment cashflow projections and calculating the

contractual service margin to financial statements while maintaining full

governance and connectivity

bull With Enterprise Accounting System (EASreg) designed specifically for the

insurance industry you can develop financial statements and reports build

budgets and forecasts and track allocations across your enterprise

bull FIS provides comprehensive services to assist with implementation covering

actuarial and technical support Prophet training and other managed

services

Support amp Contact QampA

63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers

wwwfisglobalcomifrs17

Over 2500 members

Discussions

News

wwwlinkedincomgroups12013582

Рафаэль ШалоганиРуководитель отдела продаж - страхование

Беларусь Россия Украина страны Балтии

46 rue Notre Dame des Victoires - 75002 Париж Франция

C +33 (0)7 62 76 55 05

E raphaelchaloganyfisglobalcom

wwwlinkedincominraphael-chalogany-b57a20

FIS | Advancing the way the world pays banks and investstrade

QampA

64

04

copy2020 FIS andor its subsidiaries All Rights Reserved FIS confidential and proprietary information



Marcin PiskorskiAMC CE Lead+48 22 511 04 13mpiskorskideloittececom

Paweł PiętakAMC PL Lead+48 22 511 03 03ppietakdeloittececom

Tomas StrasakAMC CZ Lead+420 739 685 927tstrasakdeloittececom

Aacutegnes HudaacutekAMC HU Lead+36 70 249 6749ahudakdeloittececom

Анна ЗданевичПартнер Аудиторские услугиlaquoДелойтraquo в СНГ Москваazdanevychdeloitteru

Евгения ЛуговцоваДиректор Актуарная группаlaquoДелойтraquo в СНГ Москваelugovtsovadeloitteru

Жасмина ХаликянМенеджер Актуарная группаlaquoДелойтraquo в СНГ Москваzkhalikyandeloitteru

Дмитрий КачуринВедущий эксперт Актуарная группаlaquoДелойтraquo в СНГ Москваdkachurindeloitteru

Центр Актуарного Моделирования(Центральной Европа)

Актуарная команда московского офиса laquoДелойтаraquo

Опыт международной командыЦентр Актуарного Моделирования (Actuarial Modelling Centre - AMC) обладает передовым опытом в области актуарного моделирования Он формализует подход компании Deloitte к актуарному моделированию в котором мы признаны лидером на рынке Центральной Европы Центр Актуарного Моделирования является частью практики Делойта в области актуарных и страховых решений в Центральной Европе

Чем мы вам можем помочь

bull Разработка актуарных моделейВ международной команде Делойта есть эксперты поддерживающие ведущие на рынке платформы для моделирования включая программное обеспечение Prophet и MoSes Если вы планируете создавать улучшать или производить миграцию актуарных моделей между различными программными решениями то выбор нашей команды значительно повысит эффективность ваших проектов

bull АутсорсингАктуарные модели становятся более сложными чтобы соответствовать требованиям к формированию отчетности таким как Solvency II или МСФО 17 Обслуживание таких моделей требует времени знаний и высококвалифицированных специалистов Вы можете передать эти задачи на аутсорсинг нашей команде чтобы использовать свои уникальные актуарные навыки для поддержки развития бизнеса

bull Автоматизация процесса получения результирующих данных по актуарным расчетамПолучение результирующих данных - трудоемкий и многоэтапный процесс в котором задействована ваша команда С помощью AMC вы можете частично или полностью автоматизировать этот процесс что позволит вам сосредоточить свои ресурсы на анализе результатов

Почему наша Команда

Команда AMC успешно реализовала более 50 проектов связанных с актуарным моделированием

bull ОпытВыбирая решения Делойта вы получаете опыт работы с широким спектром проектов в области страхования реализованных по всей Европе Приобретение этого опыта поможет вам оптимизировать время необходимое для выполнения индивидуальных задач и увеличить вашу эффективность

bull ГибкостьНаши ресурсы могут быть мобилизованы по требованию как для краткосрочной так и для долгосрочной поддержки

bull Различный уровень стажанаша команда предлагает широкий спектр навыков и опыта начиная от младших консультантов и заканчивая самыми опытными и квалифицированными старшими экспертами в страховании

bull Экономия средствВам не нужно нанимать и обучать людей для выполнения краткосрочных задач



Темы будущих вебинаровlaquoДелойтаraquo

Основы работы с кредитными рейтинговыми агентствами 15-16 октября

Онлайн-практикум laquoОхрана труда в офисеraquo 22 октября

Модераторы дискуссииНаталья КанаковаСтарший менеджер Департамента управления рисками laquoДелойтraquo СНГ

Жасмина ХаликянМенеджер Актуарной группы laquoДелойтraquo СНГ

СпикерыВладимир Викторович НовиковПредседатель правления СРО Гильдии Актуариев

Александр Львович ЛельчукПредседатель комитета по страхованию жизни СРО Гильдии Актуариев

Михаил Леонидович КозловЧлен СРО Гильдии Актуариев

Панельная дискуссия



План онлайн-конференции

Содержание Время

1 Вступительное слово 1400-1410

2 Рассмотрение поправок к МСФО 17 laquoДоговоры страхованияraquo

1410-1455

3 Обзор FIS-Prophet и пример применения МСФО 17 1455-1540

4 Опыт международной команды 1540-1545

5 Панельная дискуссия о ключевых трудностях с которыми сталкиваются участники рынка при внедрении МСФО 17 в России

1545-1630

Наталья Канакова

Старший менеджерУправление рисками


nkanakovadeloitteru

Жасмина Халикян

МенеджерГруппа по оказанию актуарных услуг


zkhalikyandeloitteru




dkachurindeloitteru

Ведущие онлайн-конференции со стороны Deloitte




dkachurindeloitteru

Анна Зданевич

Партнер Аудиторские услуги


azdanevychdeloitteru




20232018 2020 2021 20222019



2017 2024









(IFRS) 17













года












































































года








50 ndash 6253 = 3125

3125 ndash 30 = 125

125 (1 + 41) = 025



(50-30)2=10

10 в Год 1

10 в Год 2




50-30ndash19=1

19 в Год 1

1 в Год 2















Премия 100 100 100

Убыток









Премия 100 100 100

Убыток

Комиссия (50) (50) (50)


































(x) (x)






20YY 20XX






01


02





























Премии 100

Убытки (150)









120

40

80



40

(45)






































02





МСФО 9







риска






















убыткам





Да

Нет












убытки



Вы

бр

ать

клас

сиф

ика

ци

ю




Да

Нет














1

2






























29092020

Raphael

ChaloganyRegional

Sales Manager

FIS

Manuel


Prophet solutions

FIS

Chris


Prophet solutions

FIS

Speakers




Summary04

QampA05


24

01

55K 52 $124B $85B


Banking Capital

Markets

Merchants

3

Business

Segments

Prophet History

PROPHET

development

started

Deloitte acquires

Prophet

Prophet Data

Management

Platform

FIS acquires


Prophet

Prophet

Enterprise

launched

Prophet GI

Prophet

Managed

Cloud Services

and Hosted

Services


27

Launch of Prophet

Control Centre for

process automation





CA

LC

UL

AT

ION

S

DA

TA

PR

OC

ES

S amp

GO

VE

RN

AN

CE

Introduction

of IFRS 17

Toolkit




System

CSM support (2013

exposure draft)

Second update to

IFRS 17 Group

Calculations in

December

Launch of IFRS 17

Group

Calculations in

June

Launch of Nested

Structures for


and balance sheet

Support for

forecasted CSM

in libraries

Further updates to

IFRS 17 Group


and December


17 Group

Calculations in May

Fourth update to

IFRS 17 Group

Calculations in

December

2015 2016 2017 2018 2019


28

29

Why Prophet



- ALM amp Capital





- Life

- Health

- Pension


IFRS 17 ready-made

PROPHET

Industry Awards


InsuranceERM Awards


InsuranceERM Awards












Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04







































20232018 2020 2021 20222019



2017 2024









(IFRS) 17













года












































































года








50 ndash 6253 = 3125

3125 ndash 30 = 125

125 (1 + 41) = 025



(50-30)2=10

10 в Год 1

10 в Год 2




50-30ndash19=1

19 в Год 1

1 в Год 2















Премия 100 100 100

Убыток









Премия 100 100 100

Убыток

Комиссия (50) (50) (50)


































(x) (x)






20YY 20XX






01


02





























Премии 100

Убытки (150)









120

40

80



40

(45)






































02





МСФО 9







риска






















убыткам





Да

Нет












убытки



Вы

бр

ать

клас

сиф

ика

ци

ю




Да

Нет














1

2






























29092020

Raphael

ChaloganyRegional

Sales Manager

FIS

Manuel


Prophet solutions

FIS

Chris


Prophet solutions

FIS

Speakers




Summary04

QampA05


24

01

55K 52 $124B $85B


Banking Capital

Markets

Merchants

3

Business

Segments

Prophet History

PROPHET

development

started

Deloitte acquires

Prophet

Prophet Data

Management

Platform

FIS acquires


Prophet

Prophet

Enterprise

launched

Prophet GI

Prophet

Managed

Cloud Services

and Hosted

Services


27

Launch of Prophet

Control Centre for

process automation





CA

LC

UL

AT

ION

S

DA

TA

PR

OC

ES

S amp

GO

VE

RN

AN

CE

Introduction

of IFRS 17

Toolkit




System

CSM support (2013

exposure draft)

Second update to

IFRS 17 Group

Calculations in

December

Launch of IFRS 17

Group

Calculations in

June

Launch of Nested

Structures for


and balance sheet

Support for

forecasted CSM

in libraries

Further updates to

IFRS 17 Group


and December


17 Group

Calculations in May

Fourth update to

IFRS 17 Group

Calculations in

December

2015 2016 2017 2018 2019


28

29

Why Prophet



- ALM amp Capital





- Life

- Health

- Pension


IFRS 17 ready-made

PROPHET

Industry Awards


InsuranceERM Awards


InsuranceERM Awards












Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04















































































































года








50 ndash 6253 = 3125

3125 ndash 30 = 125

125 (1 + 41) = 025



(50-30)2=10

10 в Год 1

10 в Год 2




50-30ndash19=1

19 в Год 1

1 в Год 2















Премия 100 100 100

Убыток









Премия 100 100 100

Убыток

Комиссия (50) (50) (50)


































(x) (x)






20YY 20XX






01


02





























Премии 100

Убытки (150)









120

40

80



40

(45)






































02





МСФО 9







риска






















убыткам





Да

Нет












убытки



Вы

бр

ать

клас

сиф

ика

ци

ю




Да

Нет














1

2






























29092020

Raphael

ChaloganyRegional

Sales Manager

FIS

Manuel


Prophet solutions

FIS

Chris


Prophet solutions

FIS

Speakers




Summary04

QampA05


24

01

55K 52 $124B $85B


Banking Capital

Markets

Merchants

3

Business

Segments

Prophet History

PROPHET

development

started

Deloitte acquires

Prophet

Prophet Data

Management

Platform

FIS acquires


Prophet

Prophet

Enterprise

launched

Prophet GI

Prophet

Managed

Cloud Services

and Hosted

Services


27

Launch of Prophet

Control Centre for

process automation





CA

LC

UL

AT

ION

S

DA

TA

PR

OC

ES

S amp

GO

VE

RN

AN

CE

Introduction

of IFRS 17

Toolkit




System

CSM support (2013

exposure draft)

Second update to

IFRS 17 Group

Calculations in

December

Launch of IFRS 17

Group

Calculations in

June

Launch of Nested

Structures for


and balance sheet

Support for

forecasted CSM

in libraries

Further updates to

IFRS 17 Group


and December


17 Group

Calculations in May

Fourth update to

IFRS 17 Group

Calculations in

December

2015 2016 2017 2018 2019


28

29

Why Prophet



- ALM amp Capital





- Life

- Health

- Pension


IFRS 17 ready-made

PROPHET

Industry Awards


InsuranceERM Awards


InsuranceERM Awards












Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04















































Премия 100 100 100

Убыток









Премия 100 100 100

Убыток

Комиссия (50) (50) (50)


































(x) (x)






20YY 20XX






01


02





























Премии 100

Убытки (150)









120

40

80



40

(45)






































02





МСФО 9







риска






















убыткам





Да

Нет












убытки



Вы

бр

ать

клас

сиф

ика

ци

ю




Да

Нет














1

2






























29092020

Raphael

ChaloganyRegional

Sales Manager

FIS

Manuel


Prophet solutions

FIS

Chris


Prophet solutions

FIS

Speakers




Summary04

QampA05


24

01

55K 52 $124B $85B


Banking Capital

Markets

Merchants

3

Business

Segments

Prophet History

PROPHET

development

started

Deloitte acquires

Prophet

Prophet Data

Management

Platform

FIS acquires


Prophet

Prophet

Enterprise

launched

Prophet GI

Prophet

Managed

Cloud Services

and Hosted

Services


27

Launch of Prophet

Control Centre for

process automation





CA

LC

UL

AT

ION

S

DA

TA

PR

OC

ES

S amp

GO

VE

RN

AN

CE

Introduction

of IFRS 17

Toolkit




System

CSM support (2013

exposure draft)

Second update to

IFRS 17 Group

Calculations in

December

Launch of IFRS 17

Group

Calculations in

June

Launch of Nested

Structures for


and balance sheet

Support for

forecasted CSM

in libraries

Further updates to

IFRS 17 Group


and December


17 Group

Calculations in May

Fourth update to

IFRS 17 Group

Calculations in

December

2015 2016 2017 2018 2019


28

29

Why Prophet



- ALM amp Capital





- Life

- Health

- Pension


IFRS 17 ready-made

PROPHET

Industry Awards


InsuranceERM Awards


InsuranceERM Awards












Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04













































(x) (x)






20YY 20XX






01


02





























Премии 100

Убытки (150)









120

40

80



40

(45)






































02





МСФО 9







риска






















убыткам





Да

Нет












убытки



Вы

бр

ать

клас

сиф

ика

ци

ю




Да

Нет














1

2






























29092020

Raphael

ChaloganyRegional

Sales Manager

FIS

Manuel


Prophet solutions

FIS

Chris


Prophet solutions

FIS

Speakers




Summary04

QampA05


24

01

55K 52 $124B $85B


Banking Capital

Markets

Merchants

3

Business

Segments

Prophet History

PROPHET

development

started

Deloitte acquires

Prophet

Prophet Data

Management

Platform

FIS acquires


Prophet

Prophet

Enterprise

launched

Prophet GI

Prophet

Managed

Cloud Services

and Hosted

Services


27

Launch of Prophet

Control Centre for

process automation





CA

LC

UL

AT

ION

S

DA

TA

PR

OC

ES

S amp

GO

VE

RN

AN

CE

Introduction

of IFRS 17

Toolkit




System

CSM support (2013

exposure draft)

Second update to

IFRS 17 Group

Calculations in

December

Launch of IFRS 17

Group

Calculations in

June

Launch of Nested

Structures for


and balance sheet

Support for

forecasted CSM

in libraries

Further updates to

IFRS 17 Group


and December


17 Group

Calculations in May

Fourth update to

IFRS 17 Group

Calculations in

December

2015 2016 2017 2018 2019


28

29

Why Prophet



- ALM amp Capital





- Life

- Health

- Pension


IFRS 17 ready-made

PROPHET

Industry Awards


InsuranceERM Awards


InsuranceERM Awards












Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04



























































Премии 100

Убытки (150)









120

40

80



40

(45)






































02





МСФО 9







риска






















убыткам





Да

Нет












убытки



Вы

бр

ать

клас

сиф

ика

ци

ю




Да

Нет














1

2






























29092020

Raphael

ChaloganyRegional

Sales Manager

FIS

Manuel


Prophet solutions

FIS

Chris


Prophet solutions

FIS

Speakers




Summary04

QampA05


24

01

55K 52 $124B $85B


Banking Capital

Markets

Merchants

3

Business

Segments

Prophet History

PROPHET

development

started

Deloitte acquires

Prophet

Prophet Data

Management

Platform

FIS acquires


Prophet

Prophet

Enterprise

launched

Prophet GI

Prophet

Managed

Cloud Services

and Hosted

Services


27

Launch of Prophet

Control Centre for

process automation





CA

LC

UL

AT

ION

S

DA

TA

PR

OC

ES

S amp

GO

VE

RN

AN

CE

Introduction

of IFRS 17

Toolkit




System

CSM support (2013

exposure draft)

Second update to

IFRS 17 Group

Calculations in

December

Launch of IFRS 17

Group

Calculations in

June

Launch of Nested

Structures for


and balance sheet

Support for

forecasted CSM

in libraries

Further updates to

IFRS 17 Group


and December


17 Group

Calculations in May

Fourth update to

IFRS 17 Group

Calculations in

December

2015 2016 2017 2018 2019


28

29

Why Prophet



- ALM amp Capital





- Life

- Health

- Pension


IFRS 17 ready-made

PROPHET

Industry Awards


InsuranceERM Awards


InsuranceERM Awards












Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04



































































02





МСФО 9







риска






















убыткам





Да

Нет












убытки



Вы

бр

ать

клас

сиф

ика

ци

ю




Да

Нет














1

2






























29092020

Raphael

ChaloganyRegional

Sales Manager

FIS

Manuel


Prophet solutions

FIS

Chris


Prophet solutions

FIS

Speakers




Summary04

QampA05


24

01

55K 52 $124B $85B


Banking Capital

Markets

Merchants

3

Business

Segments

Prophet History

PROPHET

development

started

Deloitte acquires

Prophet

Prophet Data

Management

Platform

FIS acquires


Prophet

Prophet

Enterprise

launched

Prophet GI

Prophet

Managed

Cloud Services

and Hosted

Services


27

Launch of Prophet

Control Centre for

process automation





CA

LC

UL

AT

ION

S

DA

TA

PR

OC

ES

S amp

GO

VE

RN

AN

CE

Introduction

of IFRS 17

Toolkit




System

CSM support (2013

exposure draft)

Second update to

IFRS 17 Group

Calculations in

December

Launch of IFRS 17

Group

Calculations in

June

Launch of Nested

Structures for


and balance sheet

Support for

forecasted CSM

in libraries

Further updates to

IFRS 17 Group


and December


17 Group

Calculations in May

Fourth update to

IFRS 17 Group

Calculations in

December

2015 2016 2017 2018 2019


28

29

Why Prophet



- ALM amp Capital





- Life

- Health

- Pension


IFRS 17 ready-made

PROPHET

Industry Awards


InsuranceERM Awards


InsuranceERM Awards












Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04















































убыткам





Да

Нет












убытки



Вы

бр

ать

клас

сиф

ика

ци

ю




Да

Нет














1

2






























29092020

Raphael

ChaloganyRegional

Sales Manager

FIS

Manuel


Prophet solutions

FIS

Chris


Prophet solutions

FIS

Speakers




Summary04

QampA05


24

01

55K 52 $124B $85B


Banking Capital

Markets

Merchants

3

Business

Segments

Prophet History

PROPHET

development

started

Deloitte acquires

Prophet

Prophet Data

Management

Platform

FIS acquires


Prophet

Prophet

Enterprise

launched

Prophet GI

Prophet

Managed

Cloud Services

and Hosted

Services


27

Launch of Prophet

Control Centre for

process automation





CA

LC

UL

AT

ION

S

DA

TA

PR

OC

ES

S amp

GO

VE

RN

AN

CE

Introduction

of IFRS 17

Toolkit




System

CSM support (2013

exposure draft)

Second update to

IFRS 17 Group

Calculations in

December

Launch of IFRS 17

Group

Calculations in

June

Launch of Nested

Structures for


and balance sheet

Support for

forecasted CSM

in libraries

Further updates to

IFRS 17 Group


and December


17 Group

Calculations in May

Fourth update to

IFRS 17 Group

Calculations in

December

2015 2016 2017 2018 2019


28

29

Why Prophet



- ALM amp Capital





- Life

- Health

- Pension


IFRS 17 ready-made

PROPHET

Industry Awards


InsuranceERM Awards


InsuranceERM Awards












Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04












































1

2






























29092020

Raphael

ChaloganyRegional

Sales Manager

FIS

Manuel


Prophet solutions

FIS

Chris


Prophet solutions

FIS

Speakers




Summary04

QampA05


24

01

55K 52 $124B $85B


Banking Capital

Markets

Merchants

3

Business

Segments

Prophet History

PROPHET

development

started

Deloitte acquires

Prophet

Prophet Data

Management

Platform

FIS acquires


Prophet

Prophet

Enterprise

launched

Prophet GI

Prophet

Managed

Cloud Services

and Hosted

Services


27

Launch of Prophet

Control Centre for

process automation





CA

LC

UL

AT

ION

S

DA

TA

PR

OC

ES

S amp

GO

VE

RN

AN

CE

Introduction

of IFRS 17

Toolkit




System

CSM support (2013

exposure draft)

Second update to

IFRS 17 Group

Calculations in

December

Launch of IFRS 17

Group

Calculations in

June

Launch of Nested

Structures for


and balance sheet

Support for

forecasted CSM

in libraries

Further updates to

IFRS 17 Group


and December


17 Group

Calculations in May

Fourth update to

IFRS 17 Group

Calculations in

December

2015 2016 2017 2018 2019


28

29

Why Prophet



- ALM amp Capital





- Life

- Health

- Pension


IFRS 17 ready-made

PROPHET

Industry Awards


InsuranceERM Awards


InsuranceERM Awards












Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04



























































29092020

Raphael

ChaloganyRegional

Sales Manager

FIS

Manuel


Prophet solutions

FIS

Chris


Prophet solutions

FIS

Speakers




Summary04

QampA05


24

01

55K 52 $124B $85B


Banking Capital

Markets

Merchants

3

Business

Segments

Prophet History

PROPHET

development

started

Deloitte acquires

Prophet

Prophet Data

Management

Platform

FIS acquires


Prophet

Prophet

Enterprise

launched

Prophet GI

Prophet

Managed

Cloud Services

and Hosted

Services


27

Launch of Prophet

Control Centre for

process automation





CA

LC

UL

AT

ION

S

DA

TA

PR

OC

ES

S amp

GO

VE

RN

AN

CE

Introduction

of IFRS 17

Toolkit




System

CSM support (2013

exposure draft)

Second update to

IFRS 17 Group

Calculations in

December

Launch of IFRS 17

Group

Calculations in

June

Launch of Nested

Structures for


and balance sheet

Support for

forecasted CSM

in libraries

Further updates to

IFRS 17 Group


and December


17 Group

Calculations in May

Fourth update to

IFRS 17 Group

Calculations in

December

2015 2016 2017 2018 2019


28

29

Why Prophet



- ALM amp Capital





- Life

- Health

- Pension


IFRS 17 ready-made

PROPHET

Industry Awards


InsuranceERM Awards


InsuranceERM Awards












Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04




































Raphael

ChaloganyRegional

Sales Manager

FIS

Manuel


Prophet solutions

FIS

Chris


Prophet solutions

FIS

Speakers




Summary04

QampA05


24

01

55K 52 $124B $85B


Banking Capital

Markets

Merchants

3

Business

Segments

Prophet History

PROPHET

development

started

Deloitte acquires

Prophet

Prophet Data

Management

Platform

FIS acquires


Prophet

Prophet

Enterprise

launched

Prophet GI

Prophet

Managed

Cloud Services

and Hosted

Services


27

Launch of Prophet

Control Centre for

process automation





CA

LC

UL

AT

ION

S

DA

TA

PR

OC

ES

S amp

GO

VE

RN

AN

CE

Introduction

of IFRS 17

Toolkit




System

CSM support (2013

exposure draft)

Second update to

IFRS 17 Group

Calculations in

December

Launch of IFRS 17

Group

Calculations in

June

Launch of Nested

Structures for


and balance sheet

Support for

forecasted CSM

in libraries

Further updates to

IFRS 17 Group


and December


17 Group

Calculations in May

Fourth update to

IFRS 17 Group

Calculations in

December

2015 2016 2017 2018 2019


28

29

Why Prophet



- ALM amp Capital





- Life

- Health

- Pension


IFRS 17 ready-made

PROPHET

Industry Awards


InsuranceERM Awards


InsuranceERM Awards












Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04







































Summary04

QampA05


24

01

55K 52 $124B $85B


Banking Capital

Markets

Merchants

3

Business

Segments

Prophet History

PROPHET

development

started

Deloitte acquires

Prophet

Prophet Data

Management

Platform

FIS acquires


Prophet

Prophet

Enterprise

launched

Prophet GI

Prophet

Managed

Cloud Services

and Hosted

Services


27

Launch of Prophet

Control Centre for

process automation





CA

LC

UL

AT

ION

S

DA

TA

PR

OC

ES

S amp

GO

VE

RN

AN

CE

Introduction

of IFRS 17

Toolkit




System

CSM support (2013

exposure draft)

Second update to

IFRS 17 Group

Calculations in

December

Launch of IFRS 17

Group

Calculations in

June

Launch of Nested

Structures for


and balance sheet

Support for

forecasted CSM

in libraries

Further updates to

IFRS 17 Group


and December


17 Group

Calculations in May

Fourth update to

IFRS 17 Group

Calculations in

December

2015 2016 2017 2018 2019


28

29

Why Prophet



- ALM amp Capital





- Life

- Health

- Pension


IFRS 17 ready-made

PROPHET

Industry Awards


InsuranceERM Awards


InsuranceERM Awards












Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04





































24

01

55K 52 $124B $85B


Banking Capital

Markets

Merchants

3

Business

Segments

Prophet History

PROPHET

development

started

Deloitte acquires

Prophet

Prophet Data

Management

Platform

FIS acquires


Prophet

Prophet

Enterprise

launched

Prophet GI

Prophet

Managed

Cloud Services

and Hosted

Services


27

Launch of Prophet

Control Centre for

process automation





CA

LC

UL

AT

ION

S

DA

TA

PR

OC

ES

S amp

GO

VE

RN

AN

CE

Introduction

of IFRS 17

Toolkit




System

CSM support (2013

exposure draft)

Second update to

IFRS 17 Group

Calculations in

December

Launch of IFRS 17

Group

Calculations in

June

Launch of Nested

Structures for


and balance sheet

Support for

forecasted CSM

in libraries

Further updates to

IFRS 17 Group


and December


17 Group

Calculations in May

Fourth update to

IFRS 17 Group

Calculations in

December

2015 2016 2017 2018 2019


28

29

Why Prophet



- ALM amp Capital





- Life

- Health

- Pension


IFRS 17 ready-made

PROPHET

Industry Awards


InsuranceERM Awards


InsuranceERM Awards












Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04




































55K 52 $124B $85B


Banking Capital

Markets

Merchants

3

Business

Segments

Prophet History

PROPHET

development

started

Deloitte acquires

Prophet

Prophet Data

Management

Platform

FIS acquires


Prophet

Prophet

Enterprise

launched

Prophet GI

Prophet

Managed

Cloud Services

and Hosted

Services


27

Launch of Prophet

Control Centre for

process automation





CA

LC

UL

AT

ION

S

DA

TA

PR

OC

ES

S amp

GO

VE

RN

AN

CE

Introduction

of IFRS 17

Toolkit




System

CSM support (2013

exposure draft)

Second update to

IFRS 17 Group

Calculations in

December

Launch of IFRS 17

Group

Calculations in

June

Launch of Nested

Structures for


and balance sheet

Support for

forecasted CSM

in libraries

Further updates to

IFRS 17 Group


and December


17 Group

Calculations in May

Fourth update to

IFRS 17 Group

Calculations in

December

2015 2016 2017 2018 2019


28

29

Why Prophet



- ALM amp Capital





- Life

- Health

- Pension


IFRS 17 ready-made

PROPHET

Industry Awards


InsuranceERM Awards


InsuranceERM Awards












Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04




































Prophet History

PROPHET

development

started

Deloitte acquires

Prophet

Prophet Data

Management

Platform

FIS acquires


Prophet

Prophet

Enterprise

launched

Prophet GI

Prophet

Managed

Cloud Services

and Hosted

Services


27

Launch of Prophet

Control Centre for

process automation





CA

LC

UL

AT

ION

S

DA

TA

PR

OC

ES

S amp

GO

VE

RN

AN

CE

Introduction

of IFRS 17

Toolkit




System

CSM support (2013

exposure draft)

Second update to

IFRS 17 Group

Calculations in

December

Launch of IFRS 17

Group

Calculations in

June

Launch of Nested

Structures for


and balance sheet

Support for

forecasted CSM

in libraries

Further updates to

IFRS 17 Group


and December


17 Group

Calculations in May

Fourth update to

IFRS 17 Group

Calculations in

December

2015 2016 2017 2018 2019


28

29

Why Prophet



- ALM amp Capital





- Life

- Health

- Pension


IFRS 17 ready-made

PROPHET

Industry Awards


InsuranceERM Awards


InsuranceERM Awards












Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04





































27

Launch of Prophet

Control Centre for

process automation





CA

LC

UL

AT

ION

S

DA

TA

PR

OC

ES

S amp

GO

VE

RN

AN

CE

Introduction

of IFRS 17

Toolkit




System

CSM support (2013

exposure draft)

Second update to

IFRS 17 Group

Calculations in

December

Launch of IFRS 17

Group

Calculations in

June

Launch of Nested

Structures for


and balance sheet

Support for

forecasted CSM

in libraries

Further updates to

IFRS 17 Group


and December


17 Group

Calculations in May

Fourth update to

IFRS 17 Group

Calculations in

December

2015 2016 2017 2018 2019


28

29

Why Prophet



- ALM amp Capital





- Life

- Health

- Pension


IFRS 17 ready-made

PROPHET

Industry Awards


InsuranceERM Awards


InsuranceERM Awards












Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04





































28

29

Why Prophet



- ALM amp Capital





- Life

- Health

- Pension


IFRS 17 ready-made

PROPHET

Industry Awards


InsuranceERM Awards


InsuranceERM Awards












Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04




































29

Why Prophet



- ALM amp Capital





- Life

- Health

- Pension


IFRS 17 ready-made

PROPHET

Industry Awards


InsuranceERM Awards


InsuranceERM Awards












Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04




































Industry Awards


InsuranceERM Awards


InsuranceERM Awards












Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04




































Industry Awards

Ranked 1


Category Winner

for Insurance


Category Winner

for IFRS 17





of the Year

AsiaRisk Awards


32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04





































32

02


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04





































FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval


33


FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04





































FULFILMENT

CASH FLOWS

CALCULATIONS

Modelling of


34





Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04




































Cashflow Models


Prophet

Life

Fulfilment CF









ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04












































ndash PHI Library



ALM








ndash Reserving




37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04





































37





disclosures

CSM AND

FINANCIAL

STATEMENT

CALCULATIONS

Contract group

calculations


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04





































UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests



Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04






































Prophet

IFRS 17

Prophet

Life

External

Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04





































UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units


UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04





































UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04




































Insurance Contract

Revenue

Insurance Service

Expense

Investment Results

Other Comprehensive

Income (OCI)

Insurance Finance

Expense

Journal Entries


Disclosures

Excel reporting


to assist with


results


analysis of values

before passing to

finance

EXCEL

TEMPLATES



UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04





































UNIT OF

MEASUREMENT

Aggregate results

for contract groups

Results from

Prophet models

Results from

external systems


onerous tests

CSM

ONEROUS Etc

General Model PAA

or Variable Fee

Experience

adjustments and

assumption changes

Loss component and

CSM reinstatement


coverage units

FINANCIAL

STATEMENTS

All measurement

models

Income statement

and balance sheet

Analysis of change

and other

disclosures

Forecasted and

transition values

RESULTS

OUTPUT

Closing and

expected balances

at unit of

measurement

Other reported

information at

chosen level of

granularity for

financial reports






44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04









































44

Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04




































Outputs


Insurance Data

Repository (IDR)


Prophet

IFRS 17

Prophet

Life

Other Models

Prophet

Non-Life

Fulfilment CF

Fulfilment CF

Fulfilment CF


Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04





































Process automation


PRE-PRODUCTION

PRODUCTION

Model specification



Assumption Manager

Prophet

Control Centre


Components

of Prophet Data

Management

Platform

integrate with

most known IT

platforms across

a variety of

deployment

models







for reporting

Prophet Enterprise













Flexible Results









AUTOMATION


47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04





































47

03


48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04





































48





export to GL

ACCOUNTING

ENABLEMENT

Audit analysis amp

approval

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04




































Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF

Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04




































Outputs


Insurance Data

Repository

General Ledger

Prophet EAS

Subledger


Prophet

IFRS 17 Group

Calculations

Prophet

Life Libraries

Other Models

Prophet

Non-Life

Libraries

Fulfilment CF

Fulfilment CF

Fulfilment CF


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04





































Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04





































Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04





































Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis


Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04





































Sub-Ledger View

Prophet handles

IFRS17 calculations



framework It can

handle multiple

companies multiple



multiple accounting

bases

Granularity Level




GL accounts Product

Line of Business

Cohorts contract


etc




Income Statement




of the financial


part of accounting

analysis

Journal Postings



from the IDR and

posted into the

subledger Financial

reports and

disclosures can be

generated directly

from the subledger

Once approved data


corporate General

Ledger

SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04




































SUMMARY

61

04

Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04




































Summary










services


63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04





































63

wwwprophet-webcom

Solutions

Services

Insight

Blogs

Articles

White Papers


Over 2500 members

Discussions

News





C +33 (0)7 62 76 55 05




QampA

64

04




































QampA

64

04




































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