Our client had selected a software provider for their IFRS 17 solution. MBE was able to reduce the total estimated spend from R40 m to R7 m.
Author Archives: Andries Beukes
08
Feb
Feb
Andries Beukes explores the reasons why transformation projects often fail in actuarial teams – and what we can do to give them the best chance of succeeding.
19
Jan
Jan
The insurance industry has developed organically over centuries, its growth fuelled by meeting societal needs, but accelerated by historically unscrupulous sales practices.
18
Jan
Jan
A large South African insurer had selected a software provider as the supplier for their IFRS 17 solution. A number of the provider’s components were already embedded as the modelling engine for their life insurance business, and their IFRS 17 solution seemed to be the best fit in terms of addressing the data and storage requirements of the new accounting standard.
11
Nov
Nov
Regulators recognise the risk posed by unmanaged end user computing (EUC) applications, such as spreadsheets. We discuss the challenges raised by complying with regulations such as VAIT, and how these can be resolved in collaboration with our EUC software partner, Apparity.
18
Apr
Apr
A South African bancassurer approached us to perform an impact assessment of IFRS 17 for some of their life and short-term insurance products. We compared the calculation requirements and results of IFRS 4 and IFRS 17 under both the General Model and Premium Allocation approaches.
28
Feb
Feb
It’s been said that the greatest challenge posed by IFRS 17 is its data requirements. But is this really the case? Andries Beukes, MBE Partner considers why it might not be.