Modular software for IFRS 17 and LDTI subledger, accounting, and reporting. Supports data integration, KPI calculation, audit, and regulatory disclosures for insurers.
Specialized applications that implement new international financial reporting standards for insurance contracts, including complex calculations and disclosure requirements.
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Full IFRS 17/LDTI Standard Coverage Supports all core requirements of IFRS 17 and LDTI, including measurement, presentation, and disclosure. |
Product explicitly supports all IFRS 17 and LDTI core requirements including measurement, presentation, and disclosure as claimed in vendor documentation. | |
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Automated Measurement Models Implements General Measurement Model (GMM), Premium Allocation Approach (PAA), and Variable Fee Approach (VFA). |
Public documentation and product architecture describe implementation of multiple automated measurement models such as GMM, PAA, and VFA. | |
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Contractual Service Margin (CSM) Calculation Automated calculation and unrolling of CSM, supporting required adjustments. |
Marketing resources mention automated CSM calculation and unrolling as a supported feature for IFRS 17 compliance. | |
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Risk Adjustment Calculation Automates risk margin determination as per standards. |
Product literature includes mention of automated risk adjustment (risk margin) as part of the calculation engine. | |
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Discounting Engine Provides updated discount rates, multi-currency, and curve management options. |
The discounting engine for multi-currency, curve management and updated discount rates is listed as a product capability. | |
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Reinsurance Support Handles reinsurance contracts, including held and issued. |
The product supports reinsurance contracts, including both held and issued contracts, referenced in solution overview. | |
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Portfolio Grouping Automates grouping of contracts by profitability and other mandated criteria. |
Automated portfolio grouping is part of the suite's compliance and data management modules. | |
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Transition Methodologies Supports full, modified, and fair value transition methods. |
Product documentation confirms support for full, modified, and fair value transition methodologies under IFRS 17. | |
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Policy Changes/Modification Handling Manages contract modifications, derecognition, and changes in estimates. |
Contract modifications, derecognition, and estimates updates are supported as standard. | |
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Unit of Account Flexibility Customizes grouping beyond minimum standard (e.g., by line, product). |
Solution enables flexible unit-of-account/grouping configuration per client and regulatory need. |
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Data Integration APIs Open APIs for integration with policy admin, actuarial, finance, and reporting systems. |
Open APIs for integrating with policy admin, actuarial, finance and reporting systems are described on product page. | |
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Data Validation Rules Engine Automated checks for completeness, consistency, and reliability. |
Data validation rules engine and automated consistency/completeness checks are included in data management features. | |
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Data Lineage Tracking Tracks flow, origin, and transformation of key data elements. |
Lineage tracking is available for regulatory and audit needs; referenced in system control and traceability. | |
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High-volume Processing Capacity Handles large and complex datasets typical in insurance portfolios. |
No information available | |
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Historical Data Storage Stores contract, assumption, and result data for all mandated retention periods. |
System retains all historical and mandated data for audits, as stated for regulatory compliance. | |
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ETL (Extract-Transform-Load) Automation Automates ingestion from various source systems with transformation and mapping tools. |
ETL and automation tools for ingestion from multiple source systems described as standard features. | |
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Multi-source Reconciliation Reconciles incoming data with multiple systems and ledgers. |
Multi-source reconciliation and cross-system matching are promoted features for regulatory accuracy. | |
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Master Data Management Defines, manages, and governs critical information consistency. |
References to master data management, key for consistency and integration, present in solution docs. | |
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Data Encryption & Security Protects sensitive data at rest and in transit. |
Data encryption and security described for both data at rest and in transit, as aligned to compliance. | |
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Bulk Upload/Download Tools Enables rapid ingestion and extraction for large files and records. |
Bulk upload/download for massive data files is listed in features for insurance portfolio migration. |
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Flexible Calculation Rules Supports configurable business and actuarial rules. |
Business and actuarial rules are configurable in the calculation engine. | |
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Parallel Processing Allows multi-threaded computation to increase speed. |
The parallel, batch, and distributed computation engine enables faster data throughput. Parallel processing mentioned. | |
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Real-time Calculation Capability Performs calculations on-demand with minimal lag. |
Vendor explicitly mentions real-time calculation and reporting as differentiators. | |
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Calculation Audit Trails Logs all calculation steps for transparency and review. |
All financial and actuarial calculation steps are logged for audit and transparency. | |
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Scenario/Assumption Management Handles multiple what-if analysis and assumption sets. |
Supports assumption/scenario management for 'what-if' analytics, as per reporting requirements. | |
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Bulk Processing Speed Throughput for large-scale contract calculations. |
No information available | |
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Sensitivity Analysis Assesses impact of changing key assumptions. |
Sensitivity and impact analysis on assumptions is listed among product capabilities. | |
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Calculation Version Control Tracks logic/parameter changes over time. |
Calculation engine includes versioning and history for all logic/rule changes. | |
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Formula Transparency Displays calculation formulas and method logic to users. |
Solution displays calculation formulas and underlying logic to users for transparency. | |
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Out-of-the-box Metric Support Delivers pre-configured financial metrics aligned with the standard. |
System delivers pre-configured metrics required by IFRS 17 and LDTI, out-of-the-box. |
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Standard Regulatory Disclosure Templates Includes all required notes, tables, and financial statements. |
Standard regulatory disclosure templates delivered as part of reporting suite. | |
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Custom Report Builder Facilitates user-driven report formats and analytics. |
Custom report generation by users is supported in reporting toolset. | |
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Drill-down and Traceability Allows users to explore reports from summary to detailed source data. |
Drilldown from high level to source data is supported for traceability. | |
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Automated Period-end Close Reporting Speeds up the close process through pre-configured report automation. |
Automated period-end reports and close process described in product features. | |
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Multi-GAAP Support Handles presentation for both IFRS and local standards. |
Described as multi-GAAP (handles IFRS, local GAAP/LDTI) reporting and configuration. | |
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Report Scheduling & Distribution Allows reports to be scheduled and delivered automatically. |
Reports can be scheduled and automatically distributed, as per marketing collateral. | |
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Comparative Reporting Supports current and prior period figures including restatements. |
Comparative reporting and historic restatement included to meet disclosure requirements. | |
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Visualization Tools Offers dashboards, graphs, and trend analytics. |
Dashboards and visualization components included. | |
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Export Functionality Outputs reports in multiple file formats (PDF, Excel, CSV, etc.). |
Exporting in multiple formats (PDF, Excel) is available in reporting outputs. | |
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Full Audit Explanations in Reports Embeds explanations and rationale for report figures. |
Audit explanations and rationale shown in reporting module for external/internal use. |
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Comprehensive Audit Log Tracks all user, data, and calculation changes. |
Comprehensive audit logs maintained for user actions, data changes, and calculations. | |
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Role-based Access Controls (RBAC) Customizes access based on user roles and duties. |
RBAC is available, as required for regulated enterprise clients. | |
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Segregation of Duties Support Prevents conflicting roles or approvals. |
Documentation refers to segregation of duties in workflow setup. | |
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Internal & External Audit Evidence Extraction Eases data/document collection for audits. |
Audit evidence exports and data dumps are available for internal and external audits. | |
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Change Approval Workflow Automates approval for parameter or process changes. |
Change approval workflows built into the process configuration. | |
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Traceable Adjustment Entries All manual or system adjustments are linked to audit trails. |
All adjustments, whether system or manual, are linked to audit trails for traceability. | |
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Automated Exception Monitoring Flags errors/issues with smart alerts and logs. |
Alerts/monitoring for exceptions or errors available as standard. | |
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Control Self-Assessment Tools Built-in testing and sign-off for control effectiveness. |
Control assessment and sign-off tools referred in risk and compliance documentation. | |
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User Activity Monitoring Tracks logins, data access, and update activity. |
System logs user activity, data access, and critical updates. | |
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Configurable Data Retention Policies Supports custom data retention in line with regulatory frameworks. |
Custom data retention settings/periods can be configured per regulatory regimes. |
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Intuitive User Interface Modern, easy-to-navigate, and customizable workspace. |
UI/UX is described as modern, customizable, and intuitive for actuarial/finance users. | |
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Multilingual Support Application interface available in multiple languages. |
Product supports multiple interface languages per international rollout. | |
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Help and Guided Tutorials Built-in help, walkthroughs, and documentation. |
Help and contextual guided tutorials are available within the product. | |
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Customizable Dashboards User-selected widgets, KPIs, and report layouts. |
Dashboards and report layouts are customizable per user or team. | |
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Advanced Search and Filter Tools Quickly finds contracts, reports, or data sets. |
Advanced search and filter functionality enables fast data location. | |
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Batch Task Processing Enables users to run multiple processes or jobs in one go. |
Batch processing (jobs, reports) available in backend processing tools. | |
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Mobile Access Responsive or native mobile support for remote access. |
Not as far as we are aware.* No mention of mobile/responsive support in public documentation—likely focused on enterprise desktop UI. | |
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Accessibility Features Supports screen readers, high contrast, and keyboard navigation. |
Not as far as we are aware.* No explicit mention of accessibility features (screen readers, high contrast) in resources reviewed. | |
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Personalization Options Adapts look, feel, and shortcuts to user preferences. |
UI personalization (shortcuts, look & feel) available for different user preferences. | |
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Error Handling and Guidance Explains errors and suggests corrective actions. |
Product guides users via error handling and provides guidance for correction. |
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Concurrent User Support Maximum simultaneous users without performance degradation. |
No information available | |
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Processing Throughput Peak calculation and reporting volume handled over a defined interval. |
No information available | |
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Elastic Scalability Dynamically adjusts computing resources based on current load. |
System scales elastically on-premise or in cloud to meet varying loads. | |
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High Availability (HA) System uptime assurance via redundancy/failover. |
High availability, failover, and uptime assurances referenced for enterprise clients. | |
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Disaster Recovery (DR) Resilience with backup, restore, and failover options. |
Disaster recovery with backup/restore listed as IT operations feature. | |
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Response Time Average response time for standard user actions. |
No information available | |
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Data Archiving Tools Automates offloading old data to maintain speed. |
Data archiving tools for legacy/off-cycle data included in system management. | |
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Performance Monitoring Dashboard Real-time visibility into system/storage/network health. |
Performance dashboard and monitoring tools are available for IT admins. | |
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Load Balancer Integration Supports distribution of requests for optimal performance. |
Handles integration with load balancers for performance optimization. | |
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Resource Usage Reporting Tracks compute, storage, and bandwidth use. |
Reports and visualizations on system and resource usage available for system administrators. |
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GDPR/CCPA Compliance Meets data privacy laws where required. |
Vendor documentation states GDPR/CCPA privacy compliance alignment. | |
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End-to-End Encryption Secures all network communication and data at rest. |
Encryption in transit and at rest implemented and described as per regulatory requirements. | |
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Multi-factor Authentication (MFA) Requires multiple verification steps for sensitive actions/access. |
Multi-factor authentication available for sensitive actions. | |
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Single Sign-On (SSO) Support Integrates with corporate authentication providers. |
Product supports SSO via enterprise authentication integration. | |
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Regular Penetration Testing Routine testing for vulnerabilities and exposures. |
Vendor describes regular penetration testing as part of ongoing security posture. | |
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Vulnerability Management Scans, prioritizes, and remediates security risks. |
Vulnerability scanning and management part of continuous security operations. | |
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Custom Security Policy Configuration Allows organization-specific security rules. |
Allows enterprise-specific security policies and configurations. | |
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Detailed Security Logs Logs all access attempts, permission changes, and suspicious events. |
All access attempts, permission changes, and security actions are logged. | |
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User Session Management Tracks, expires, and audits user sessions. |
Tracks user sessions, automatic expiration, and auditing. | |
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Incident Response Toolkit Facilitates fast mitigation of detected threats. |
Incident response modules with rapid mitigation tools included in system documentation. |
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Multi-cloud Support Can be deployed on all major cloud platforms (AWS, Azure, GCP, etc.). |
Abacus360 is deployable on all standard cloud platforms (AWS, Azure, GCP). | |
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On-premises Deployment Supports installation in user’s private data center environment. |
On-premise deployment is supported as noted on technical fact sheets. | |
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Hybrid Deployment Blend of cloud and on-premise resources. |
Hybrid deployment models are available for clients requiring both cloud and on-prem resources. | |
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Containerization Support Enables deployment as Docker/Kubernetes containers. |
Support for Docker/Kubernetes containerization described in technical architecture papers. | |
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SaaS Option Available fully as Software-as-a-Service. |
Available as SaaS—fully managed by BearingPoint. | |
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Automated Patching & Updates Handles system updates and upgrades with minimal manual effort. |
Automated patching and regular updates part of standard SaaS and managed deployment. | |
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High-speed Deployment Tools Reduces rollout time and effort. |
High-speed deployment tooling and scripts are referenced in deployment documentation. | |
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Disaster Recovery as a Service (DRaaS) Managed disaster recovery through cloud provider. |
Cloud-based managed disaster recovery is available (DRaaS) if deployed as SaaS or in cloud. | |
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Geographic Redundancy Supports failover/data-sync across regions. |
Supports multi-region failover and geographic redundancy for critical systems. | |
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Automated Scaling Rules Configuration for resource expansion/contraction based on business rules. |
Automated scaling rules can be configured to match business/event-driven needs. |
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Configurable Business Rules Engine Allows business users to create or adjust rules without coding. |
Business users can configure and update business logic/rules directly. | |
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Plugin Framework Add new functions or integrations without disrupting core system. |
Plugin and extension framework lets users add integrations without system downtime. | |
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Custom Fields and Attributes Addition of company-specific data fields. |
Custom fields and attributes for data model extensibility are supported. | |
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API for Custom Integrations Public API enables quick integration with new systems. |
Public APIs documented for integrating with external tools/applications. | |
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Workflow Customization Tailors process flows for approvals, reviews, and escalations. |
Workflow customization and tailoring available in configuration toolkit. | |
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Custom Calculation Modules Users can design proprietary actuarial or finance formulae. |
Custom calculation modules for actuaries/finance are allowed. | |
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User-defined Reporting Create new report templates as business needs evolve. |
User reporting templates are customizable and support self-service reporting. | |
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Localization Options Adapts solution for local language, currency, and regulatory context. |
Solution supports localization (language, currency, regulatory) to fit local needs. | |
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UI Extensibility Customizes user interface components and branding. |
Allows custom UI elements, workflows, and branding per client. | |
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Integration Marketplace Ecosystem for certified add-ons or partner solutions. |
Integrations marketplace with certified add-ons and partner solutions is available. |
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Dedicated Onboarding Support Assistance for initial deployment and user training. |
Dedicated onboarding support, including project setup and initial training, referenced in services. | |
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Standardized Implementation Templates Provides blueprints and best practices for rapid rollout. |
Standard implementation templates and blueprints available for faster deployment. | |
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Migration Toolkits Automates conversion of legacy data and processes. |
Migration toolkits for legacy system and data migration included in deployment. | |
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24/7 Support Availability Full-time technical and business support access. |
24/7 support included in SaaS and managed services contracts. | |
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Knowledge Base Access Self-service learning, FAQs, and documentation. |
Comprehensive online knowledge base and documentation available. | |
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User Community Forums Peer-to-peer learning and solution crowdsourcing. |
Online user community and forum for peer-to-peer support and crowdsourced solutions. | |
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Release Notes and Change Documentation Detailed release impact and upgrade guidance. |
Release notes and change logs distributed with updates and new releases. | |
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Service Level Agreement (SLA) Metrics Uptime, support response, and resolution guarantees. |
SLAs for uptime, response, and support resolution are included in SaaS and managed contracts. | |
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Designated Account Manager Named contact for ongoing engagement. |
Clients have a designated account manager for ongoing support/relationship management. | |
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Continuous Training Programs Regular product and standard update training. |
Continuous training for regulatory changes and product updates offered as part of ongoing service. |
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