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Frequently Asked Questions
ACTSERV i17 is analytic engine specifically designed to provide comprehensive IFRS 17 compliance solutions for insurance contracts, enabling accurate measurement, reporting and disclosure requirements under the international accounting standard.
The i17 Engine offers a range of capabilities including contract grouping and various disclosures, Risk adjustment analysis, Discount component calculations, CSM amortization schedules and PAA eligibility checks.
ACTSERV i17 supports all three IFRS 17 measurement models: General Measurement Model (GMM), Variable Fee Approach (VFA) for direct participating contracts and Premium Allocation Approach (PAA) for short-duration contracts.
The engine requires excel (xlsx) or csv files of Group of Contracts, Claims triangles, Yield curves and Policy data, with specific columns and formats as outlined in the user guide.
The engine generates detailed and downloadable outputs including Income Statements, Profit or Loss statements, Balance Sheets, Journals and graphic illustrations.
The engine includes built-in validation checks, audit trails, sensitivity analysis and what-if scenario testing to ensure calculations meet IFRS 17 requirements and regulatory expectations.
Yes, the engine is designed to be flexible and can be customized to accommodate specific business requirements and scenarios.
Comprehensive user guides, API documentation and customer support are available to assist users in effectively utilizing the i17 Engine.
The engine incorporates robust security measures to protect sensitive data and ensure compliance with relevant data protection regulations.
Yes, the engine is designed to integrate with existing systems and workflows to streamline data input and output processes.
To get started, users can register their organization on our platform, verify their account and follow the setup instructions provided in the user guide.
For more information, please visit our website or contact our team at info@actserv-africa.com

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Dashboard

Runs

Run Configurations

Run Configurations

Group of Contracts (GoC)
Download template
Preview
Parameters

Disclosures

Disclosures

Disclosures

Disclosures

Disclosures

Disclosures

Disclosures

Disclosures

Disclosures

Disclosures

Disclosures

Diagrams

Parameters
Chart

Risk Adjustment

Risk Adjustment

Risk Adjustment

Risk Adjustment

Claims Triangles
Review
Combine classes
Preview
Parameters
Predictive Distribution of Reserves
Risk Adjustment

Admin Panel

Admin Panel

Admin Panel

Admin Panel

Admin Panel

Admin Panel

Discount Component

Discount Component

Discount Component

Discount Component

Claims Triangles
Yield Curve
Download template
Review
Combine classes
Preview
Parameters
Results

CSM Amortization

CSM Amortization

CSM Amortization

CSM Amortization

Policy data
Initial Measurement
RA Ratio
Expense Ratio
Loss Ratio
Reinsurance Ratio
Locked Interest Rate
Subsequent Measurement
RA Ratio
Expense Ratio
Loss Ratio
Reinsurance Ratio
Current Interest Rate
CSM Amortization
Pivot Table
PAA Eligibility
Summary

Profile

Profile

Profile

Profile

Profile Details
Full Name
Email
Role
Access Level
Company
Account Status
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FAQs

Frequently Asked Questions
ACTSERV i17 is analytic engine specifically designed to provide comprehensive IFRS 17 compliance solutions for insurance contracts, enabling accurate measurement, reporting and disclosure requirements under the international accounting standard.
The i17 Engine offers a range of capabilities including contract grouping and various disclosures, Risk adjustment analysis, Discount component calculations, CSM amortization schedules and PAA eligibility checks.
ACTSERV i17 supports all three IFRS 17 measurement models: General Measurement Model (GMM), Variable Fee Approach (VFA) for direct participating contracts and Premium Allocation Approach (PAA) for short-duration contracts.
The engine requires excel (xlsx) or csv files of Group of Contracts, Claims triangles, Yield curves and Policy data, with specific columns and formats as outlined in the user guide.
The engine generates detailed and downloadable outputs including Income Statements, Profit or Loss statements, Balance Sheets, Journals and graphic illustrations.
The engine includes built-in validation checks, audit trails, sensitivity analysis and what-if scenario testing to ensure calculations meet IFRS 17 requirements and regulatory expectations.
Yes, the engine is designed to be flexible and can be customized to accommodate specific business requirements and scenarios.
Comprehensive user guides, API documentation and customer support are available to assist users in effectively utilizing the i17 Engine.
The engine incorporates robust security measures to protect sensitive data and ensure compliance with relevant data protection regulations.
Yes, the engine is designed to integrate with existing systems and workflows to streamline data input and output processes.
To get started, users can register their organization on our platform, verify their account and follow the setup instructions provided in the user guide.
For more information, please visit our website or contact our team at info@actserv-africa.com