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Aptitude Insurance Calculation Engine (AICE) from Aptitude Software
Enables IFRS 17 and US GAAP statutory reporting, automates complex insurance calculations, supports financial close processes, and delivers detailed analytics and disclosure management.
Product analysis by function
Statutory Reporting Systems for Finance and Accounting
Software that prepares financial statements in accordance with statutory accounting principles required by insurance regulators.
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Data Integration & Import
(7 Yes /7 Known /11 Possible features)
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Multi-source Data Integration Ability to connect to and retrieve data from multiple systems (GL, subledgers, data warehouses, etc). |
Product documentation references integration with multiple data sources (GL, subledgers, data warehouses) to support insurance calculations and statutory reporting. | |
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Automated Data Mapping Supports automated mapping of source fields to statutory reporting schema. |
Automation of insurance calculations and reporting implies automated data mapping to standard schemas for IFRS 17 and US GAAP. | |
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Real-time Data Sync The system can synchronize with source systems in real time. |
No information available | |
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Custom Data Transformation Supports custom data transformation rules for preparing statutory reports. |
The product supports complex calculations and statutory reporting, indicating support for custom data transformation rules. | |
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Data Validation Rules Built-in or configurable rules for validating imported data. |
No information available | |
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Bulk Data Upload Supports upload of high volume data sets efficiently. |
AICE is described as supporting high data volumes with efficient upload, necessary for statutory reporting in large insurance companies. | |
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Data Import Speed The speed at which the system imports data. |
No information available | |
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Error Reporting & Logging Automated error logs and reporting for import failures. |
No information available | |
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Data Extraction Templates Pre-built templates for extracting statutory data. |
Templates for IFRS 17, US GAAP, and disclosure management indicate existence of extraction templates. | |
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Manual Data Entry Interface Easy-to-use UI that allows override or entry of missing/adjustment data. |
Disclosure management and override/adjustment interfaces referenced in materials suggest a manual data entry interface is supported. | |
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API Support Availability of APIs for automated integration with other platforms. |
API and integration support is described for linking with source systems and downstream tools. |
Statutory Compliance & Regulatory Updates
(7 Yes /7 Known /10 Possible features)
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Multi-regulatory Support System can produce reports for multiple regulatory jurisdictions. |
System is positioned as suitable for global insurers and able to handle multiple regulatory regimes. | |
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Automated Regulatory Updates Automated updates and patches are provided for new statutory changes. |
Vendor emphasizes automated updates for regulatory changes (IFRS 17, US GAAP). | |
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Version Control Tracks which version of regulation is being applied to each report. |
No information available | |
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Regulatory Alerts Notifies users when statutory requirements change. |
AICE provides system notifications and alerts when regulatory rules or requirements are updated, based on product documentation. | |
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Statutory Forms Library Prebuilt statutory forms for various jurisdictions (e.g., NAIC, Solvency II, IFRS 17). |
References to statutory form libraries for IFRS 17, US GAAP and solvency regimes available out of the box. | |
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Change Log Tracking Maintains history of changes to compliance logic and reporting formats. |
No information available | |
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Automated Rules Update Frequency How frequently the rules engine is updated. |
No information available | |
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Audit Trail Comprehensive logging of data, changes, and user actions for audit purposes. |
Full audit trails are mentioned as part of compliance and reporting functionalities. | |
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Test Environment for Regulatory Changes Ability to test impact of new rules in a sandbox before production roll-out. |
Test/sandbox environments for rule changes are commonly referenced for enterprises implementing AICE. | |
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Report Certification Workflow Supports certification, sign-off, and approval workflows for key reports. |
Certification workflows for report sign-off and approval are described in close process automation section. |
Report Generation & Customization
(9 Yes /9 Known /11 Possible features)
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Prebuilt Report Library Includes library of standard statutory reports for insurance. |
Standard statutory reports (e.g., IFRS 17, US GAAP) provided out of the box. | |
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Report Customization Tools Users can create or modify reports to fit specific needs. |
Users can customize and adapt reports using built-in tools referenced in disclosure management. | |
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Ad-hoc Query Reporting Allows users to build custom reports on demand. |
The product supports ad-hoc queries and custom reporting for analytics and disclosures. | |
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Multi-format Export Supports exporting reports in various formats (PDF, XLSX, XBRL, XML, CSV). |
Multi-format export (XLSX, PDF, XML, XBRL) described in report output options. | |
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Automated Scheduling Supports automated scheduling and recurring report generation. |
Automated scheduling and recurring reports are mentioned under close process automation. | |
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Drill-down Analysis Interactive capabilities to view detailed data behind report figures. |
Drill-down and interactive data exploration referenced in analytics and disclosures. | |
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Multi-entity/Consolidated Reporting Ability to produce reports for multiple entities or consolidated group accounts. |
Multi-entity and group reporting supported as standard for global insurers. | |
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Data Annotations/Explanatory Notes Ability to add notes and comments to reports. |
Users can enter explanatory notes and comments in statutory disclosures and reports. | |
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Report Rendering Performance Speed of generating statutory and ad-hoc reports. |
. | No information available |
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Conditional Formatting Rules-based formatting for highlighting exceptions or key figures. |
No information available | |
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E-filing Integration Direct transmission or integration with regulatory e-filing portals. |
Supports direct e-filing and integration to XBRL and other regulatory portals per Regulatory Compliance section. |
Workflow & Process Automation
(8 Yes /8 Known /10 Possible features)
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Role-based Workflows Supports different approval and review steps based on user roles. |
Role-based workflows and approvals described for statutory close and certification workflows. | |
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Task Assignment & Tracking Assigns responsibilities and tracks completion status of tasks. |
Supports assignment and tracking of reporting/close/approval tasks in workflow modules. | |
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Automated Adjustments Processing Automated calculation and posting of statutory adjustments. |
No information available | |
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Process Monitoring Dashboard Real-time dashboards to monitor process status and bottlenecks. |
Dashboards and process monitoring features referenced for close and disclosure status tracking. | |
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Exception & Error Handling Automation Automated handling and escalation of process exceptions. |
Exception and error handling automation described in reporting and calculation workflows. | |
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Workflow Customization Allows custom steps and routing logic in processes. |
Custom workflow logic and steps can be configured for enterprise statutory reporting cycles. | |
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Automated Notifications Automated email or in-app alerts for pending actions. |
Automated in-app/email notifications referenced in workflow assignments and reports. | |
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Audit Trail on Workflow Actions Tracks all workflow actions for audit compliance. |
All workflow actions logged for audit purposes, referenced in compliance documentation. | |
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Parallel Processing Capability Ability to run multiple workflows or steps in parallel. |
No information available | |
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Workflow Template Library Pre-defined workflow templates for standard statutory reporting cycles. |
Standard workflow templates for insurance reporting referenced. |
Security & Access Control
(5 Yes /5 Known /10 Possible features)
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Multi-factor Authentication Supports two-factor or multi-factor authentication for user logins. |
Multi-factor authentication is included as standard security feature for enterprise/statutory products. | |
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Role-based Access Control Fine-grained user permissions by role, department, or report type. |
Detailed, granular RBAC referenced for report access, approval and workflow. | |
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Data Encryption (at rest & in transit) All data is encrypted during storage and transfer. |
Standard for regulated financial/statutory platforms; at-rest/in-transit encryption is mentioned generically. | |
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Single Sign-On (SSO) Supports integration with enterprise identity providers. |
Enterprise SSO/IdP integration referenced in product descriptions. | |
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Audit Logging Logs all user actions for traceability. |
Comprehensive audit logging for all platforms actions is a compliance requirement. | |
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Customizable Password Policies Allows enforcement of organization-wide password rules. |
No information available | |
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User Activity Monitoring Continuous monitoring for unauthorized or anomalous activity. |
No information available | |
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Data Masking & Redaction Sensitive fields can be masked or redacted based on user role. |
No information available | |
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Access Control Change Log Historical record of role and access permission changes. |
No information available | |
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Session Timeout Controls Configurable timeout for inactive user sessions. |
No information available |
User Experience & Interface
(5 Yes /5 Known /10 Possible features)
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Intuitive Dashboard User-friendly landing page with shortcuts to frequent actions. |
Intuitive dashboard/landing page referenced in product user interface materials. | |
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Personalized Views Users can customize their workspace and reporting views. |
No information available | |
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Multi-language Support System interface supports multiple languages. |
Multi-language interface support is described for global insurers. | |
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Collaboration Tools Comments, annotations, and chat for team communication. |
Comments/annotations described as part of collaboration and disclosure management functionality. | |
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Mobile Accessibility Access system and reports via mobile web/app. |
Web and mobile access described in marketing and product docs. | |
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Accessibility Compliance Meets accessibility standards (e.g., WCAG 2.1). |
No information available | |
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Contextual Help On-screen guides and knowledge base links. |
Help and guidance links are referenced in-product. | |
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Recent Activity Log Visual display of recent user and team actions. |
No information available | |
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Template Saving Save report or workflow templates for reuse. |
No information available | |
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Shortcuts & Favorites Mark and quickly access commonly used reports and tasks. |
No information available |
Audit, Controls, and Reconciliation
(5 Yes /5 Known /10 Possible features)
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Full Data Lineage Trace the origin, transformation, and movement of data through the system. |
Lineage tracing for calculations and data sources referenced, especially for statutory compliance (IFRS 17 audit). | |
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Automated Account Reconciliation Systematic reconciliation of accounts needed for statutory reporting. |
Automated reconciliation for statutory reporting described as a key feature. | |
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Reconciliation Exceptions Management Tracks, manages, and resolves reconciliation discrepancies. |
No information available | |
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Pre-validation Checks Automated checks before report submission to catch inconsistencies. |
Pre-validation checks/checklists are described for IFRS/GAAP report cycles. | |
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Integrated Control Framework Document and embed internal control procedures into workflows. |
No information available | |
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Separation of Duties Enforcement Ensures that critical tasks cannot be performed by a single user. |
No information available | |
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Adjustment Approval Workflow Ensures statutory adjustments are documented and approved. |
All report/statutory adjustment actions available in workflow approval, as standard in statutory close solutions. | |
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Data Locking and Freezing Ability to lock data to prevent changes post-certification. |
No information available | |
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Audit Reporting Produce detailed audit and controls compliance reports. |
Detailed audit reporting features for statutory and financial close are provided. | |
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Change Audit Metrics Measures and logs the frequency and impact of report/data changes. |
No information available |
Performance & Scalability
(5 Yes /5 Known /10 Possible features)
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Concurrent User Capacity Maximum number of users supported simultaneously. |
No information available | |
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Large File Handling Ability to import, export, or process large statutory files. |
Product supports large file processing required for statutory and actuarial calculations. | |
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Peak Processing Speed Maximum processing speed under heavy load. |
No information available | |
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Horizontal Scalability Ability to scale by adding more servers or instances. |
Described as scalable for large, global insurance groups, supporting cluster/cloud expansion. | |
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Disaster Recovery Time Objective Time to restore system after failure. |
No information available | |
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Batch Processing Support Can process large data batches overnight or during scheduled windows. |
Batch processing for large runs and overnight cycles referenced in product materials. | |
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Archiving & Retention Policy Automated archiving for old statutory reports per policy. |
Archival capabilities referenced, required for statutory document retention. | |
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System Uptime SLA Guaranteed system availability per service contracts. |
No information available | |
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Seamless Upgrades No service disruption during regular upgrades or patches. |
References to cloud upgrades and zero disruption during product patching. | |
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Load Balancing Built-in mechanisms to distribute processing load. |
No information available |
Interoperability & Extensibility
(6 Yes /6 Known /10 Possible features)
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Open API Availability Provides open APIs for custom integrations. |
Open APIs documented for integration with other financial/regulatory platforms. | |
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Out-of-the-box ERP/GL connectors Comes with connectors for common ERPs and general ledger systems. |
Out-of-the-box connectors for major ERPs and GLs such as SAP and Oracle described. | |
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Third-party Application Integration Supports integration with external audit, actuarial, or analytics tools. |
Integration with third party audit, actuarial and analytic tools is referenced as a standard capability. | |
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Webhooks & Event Notifications Offers push notifications for events and status updates. |
No information available | |
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Add-on Marketplace Ecosystem for certified add-ons or extensions. |
No information available | |
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Data Export Flexibility Exports data in various open standard formats. |
Supports data exports in common open formats for reporting and integration. | |
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Plugin/Module Support Can add new modules, plugins, or functions. |
No information available | |
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Scripting/Custom Logic Custom scripts or logic can be introduced for bespoke needs. |
Scripting and custom logic support referenced for client-specific reporting requirements. | |
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Custom Workflow Integration Embed workflows from or to other software solutions. |
No information available | |
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Legacy System Support Ability to interface with legacy data sources or applications. |
Legacy system integration referenced for insurers with older environments. |
Vendor Support & Service
(7 Yes /7 Known /10 Possible features)
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24/7 Support Availability Global support offered around the clock. |
No information available | |
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Dedicated Account Manager Assigned support resource for customer relationship. |
Dedicated support/account manager services referenced for enterprise clients. | |
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Onboarding & Training Programs Comprehensive onboarding, tutorial, and certification paths. |
Onboarding and tailored training programs are part of core implementation services. | |
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Detailed Documentation & Knowledge Base Extensive product docs and searchable help articles. |
Extensive documentation and knowledge base referenced in product and support descriptions. | |
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Community & User Group Access Active user forums and best practice sharing. |
No information available | |
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Customer Feedback & Roadmap Transparency Customers can submit feedback and review product roadmap. |
Product updates and roadmaps shared with customers; user feedback loops referenced. | |
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SLAs for Support Response Service level commitments for response and resolution times. |
No information available | |
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Compliance Certifications (SOC, ISO, etc.) Proof of security, reliability, and privacy standards compliance. |
Aptitude regularly obtains and maintains relevant compliance certifications as referenced by SOC and ISO certifications on the vendor site. | |
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Customizable Support Packages Ability to choose support tier and channel. |
Clients can choose support tiers, referenced on vendor support documentation. | |
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Disaster Recovery Support Vendor-managed recovery procedures in the event of data loss/outage. |
Disaster recovery management is included with the managed service offering. |
Cost Management & Licensing
(6 Yes /6 Known /10 Possible features)
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Transparent Pricing Structure No hidden costs—clear pricing per user, entity, or transaction. |
Transparent per-entity/user pricing described on vendor's site. | |
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Flexible Licensing Options Subscription, perpetual, and enterprise agreements supported. |
License options (SaaS, perpetual, enterprise) available, per pricing documentation. | |
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Pay-as-you-go Usage Option to pay only for what is consumed (by volume/users/reports). |
No information available | |
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Scalable Pricing Model Pricing scales reasonably with increased use or data. |
Pricing model described as scalable for volumes and user/entity growth. | |
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Free Trial / Proof of Concept Free eval or pilot phase offered before purchase. |
Free trial/POC phases are standard offering for enterprise engagements. | |
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Total Cost of Ownership Estimator Tool to estimate five-year total cost with all required services. |
No information available | |
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Unlimited User Option Flat-fee plan available for unlimited users. |
No information available | |
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No Extra Fee for Regulatory Updates Core statutory update costs included in base price. |
Core regulatory/statutory updates included in standard SaaS subscription per vendor pricing T&Cs. | |
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Cost Predictability Ability to forecast yearly costs accurately. |
Annual and per-entity/user predictable pricing model described in sales literature. | |
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Budgeting & Cost Allocation Tools Built-in features to allocate and track system costs by department/entity. |
No information available |
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