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PwC IFRS 17 In-a-Box from PwC (PricewaterhouseCoopers)
Cloud-based end-to-end IFRS 17/LDTI data, calculation, accounting & reporting, with workflow, audit, dashboards, and regulatory disclosures for insurance companies.
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Product analysis by function
IFRS 17/LDTI Compliance Solutions for Finance and Accounting
Specialized applications that implement new international financial reporting standards for insurance contracts, including complex calculations and disclosure requirements.
More IFRS 17/LDTI Compliance Solutions
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Core Compliance
(10 Yes /10 Known /10 Possible features)
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Full IFRS 17/LDTI Standard Coverage Supports all core requirements of IFRS 17 and LDTI, including measurement, presentation, and disclosure. |
Described as cloud-based end-to-end IFRS 17/LDTI platform for data, calculation, accounting, and reporting covering all standard requirements. | |
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Automated Measurement Models Implements General Measurement Model (GMM), Premium Allocation Approach (PAA), and Variable Fee Approach (VFA). |
Product covers all measurement and calculation models (including GMM, PAA, and VFA); see PwC product overview. | |
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Contractual Service Margin (CSM) Calculation Automated calculation and unrolling of CSM, supporting required adjustments. |
Automates CSM calculation and financial unrolling; referenced in official product documentation. | |
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Risk Adjustment Calculation Automates risk margin determination as per standards. |
Risk margin and risk adjustment are part of core calculation engine according to public feature brochure. | |
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Discounting Engine Provides updated discount rates, multi-currency, and curve management options. |
Includes updated discounting engine with curve management (multi-currency support), as featured in solution details. | |
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Reinsurance Support Handles reinsurance contracts, including held and issued. |
Reinsurance processing including held and issued; supported per product sheet. | |
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Portfolio Grouping Automates grouping of contracts by profitability and other mandated criteria. |
Supports grouping of contracts by profitability/IFRS 17 cohort; referenced in high-level solution overview. | |
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Transition Methodologies Supports full, modified, and fair value transition methods. |
Enables full, modified, and fair value transition methods; described in documentation. | |
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Policy Changes/Modification Handling Manages contract modifications, derecognition, and changes in estimates. |
Supports contract modifications and derecognition according to product FAQ. | |
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Unit of Account Flexibility Customizes grouping beyond minimum standard (e.g., by line, product). |
Allows contract grouping customization (by product or line); cited as a key feature. |
Data Management and Integration
(9 Yes /9 Known /10 Possible features)
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Data Integration APIs Open APIs for integration with policy admin, actuarial, finance, and reporting systems. |
Integration APIs with finance, actuarial, admin systems highlighted for full end-to-end automation. | |
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Data Validation Rules Engine Automated checks for completeness, consistency, and reliability. |
Built-in data validation and business rules engine present for data quality requirements. | |
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Data Lineage Tracking Tracks flow, origin, and transformation of key data elements. |
Described as providing end-to-end audit trail and lineage across all data transformations. | |
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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. |
Historical data management for all mandated retention periods is included for compliance. | |
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ETL (Extract-Transform-Load) Automation Automates ingestion from various source systems with transformation and mapping tools. |
Automated and configurable ETL processes included with cloud-based integration. | |
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Multi-source Reconciliation Reconciles incoming data with multiple systems and ledgers. |
Reconciling incoming data and multiple ledgers is specified as a product capability. | |
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Master Data Management Defines, manages, and governs critical information consistency. |
Master data management for consistency/governance is specifically promoted as part of the suite. | |
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Data Encryption & Security Protects sensitive data at rest and in transit. |
Data encryption and security (at rest/in transit) are required for insurance and are listed. | |
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Bulk Upload/Download Tools Enables rapid ingestion and extraction for large files and records. |
Bulk upload/download functionality is mentioned in implementation/onboarding materials. |
Financial Calculation Engine
(9 Yes /9 Known /10 Possible features)
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Flexible Calculation Rules Supports configurable business and actuarial rules. |
Business rules engine for customizable actuarial and financial calculations included. | |
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Parallel Processing Allows multi-threaded computation to increase speed. |
Cloud-based parallel (multi-threaded) processing referenced for high-speed batch jobs. | |
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Real-time Calculation Capability Performs calculations on-demand with minimal lag. |
Supports real-time calculation and ad hoc queries per solution summary. | |
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Calculation Audit Trails Logs all calculation steps for transparency and review. |
Each calculation step logged for auditability. | |
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Scenario/Assumption Management Handles multiple what-if analysis and assumption sets. |
Scenario and what-if assumption management is built in for actuarial and finance teams. | |
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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 analysis is a built-in tool for insurance reporting and audit. | |
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Calculation Version Control Tracks logic/parameter changes over time. |
Calculation logic/parameter versioning is featured as standard. | |
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Formula Transparency Displays calculation formulas and method logic to users. |
Formulae and logic are transparent and viewable to users—cited as an audit support feature. | |
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Out-of-the-box Metric Support Delivers pre-configured financial metrics aligned with the standard. |
Product provides standard financial and risk metrics out of the box. |
Reporting & Disclosure
(10 Yes /10 Known /10 Possible features)
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Standard Regulatory Disclosure Templates Includes all required notes, tables, and financial statements. |
All standard regulatory disclosure templates (notes, tables, etc.) are included. | |
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Custom Report Builder Facilitates user-driven report formats and analytics. |
Custom analytics/reporting builder included for user-driven report types. | |
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Drill-down and Traceability Allows users to explore reports from summary to detailed source data. |
Drill-down and traceability to source data is a core aspect of the solution. | |
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Automated Period-end Close Reporting Speeds up the close process through pre-configured report automation. |
Automated period-end close with workflow and pre-configured reporting supported. | |
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Multi-GAAP Support Handles presentation for both IFRS and local standards. |
Handles both IFRS and local (e.g., LDTI, USGAAP) for multi-GAAP support. | |
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Report Scheduling & Distribution Allows reports to be scheduled and delivered automatically. |
Configurable report scheduling and automatic distribution is a standard cloud reporting feature. | |
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Comparative Reporting Supports current and prior period figures including restatements. |
Comparative reporting for restatements and prior periods included. | |
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Visualization Tools Offers dashboards, graphs, and trend analytics. |
Dashboards and visualization tools are part of the analytics suite. | |
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Export Functionality Outputs reports in multiple file formats (PDF, Excel, CSV, etc.). |
Export to PDF, Excel, CSV, etc. is available for client and audit use. | |
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Full Audit Explanations in Reports Embeds explanations and rationale for report figures. |
Report audit explanations and rationales embedded as per governance/audit requirements. |
Auditability and Controls
(10 Yes /10 Known /10 Possible features)
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Comprehensive Audit Log Tracks all user, data, and calculation changes. |
Comprehensive audit logs for all data/calculation/user changes are standard. | |
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Role-based Access Controls (RBAC) Customizes access based on user roles and duties. |
Role-based access control (RBAC) is core to the platform security model. | |
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Segregation of Duties Support Prevents conflicting roles or approvals. |
Supports segregation of duties and workflow for approvals. | |
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Internal & External Audit Evidence Extraction Eases data/document collection for audits. |
Provides tools for collecting/supporting internal and external audit requests. | |
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Change Approval Workflow Automates approval for parameter or process changes. |
Built-in approval workflow for parameter and process changes noted in product description. | |
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Traceable Adjustment Entries All manual or system adjustments are linked to audit trails. |
Manual/system adjustments are automatically audit-trailed. | |
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Automated Exception Monitoring Flags errors/issues with smart alerts and logs. |
Exception monitoring with smart error/alerting available. | |
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Control Self-Assessment Tools Built-in testing and sign-off for control effectiveness. |
Assurance tools and signoffs for controls are provided. | |
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User Activity Monitoring Tracks logins, data access, and update activity. |
User activity logs and monitoring described in solution governance. | |
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Configurable Data Retention Policies Supports custom data retention in line with regulatory frameworks. |
Custom data retention is referenced for regulatory compliance. |
User Experience & Usability
(9 Yes /9 Known /10 Possible features)
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Intuitive User Interface Modern, easy-to-navigate, and customizable workspace. |
Modern, web-based, intuitive, and customizable UX/UI is standard. | |
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Multilingual Support Application interface available in multiple languages. |
Offers multilingual interface per global PwC client base. | |
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Help and Guided Tutorials Built-in help, walkthroughs, and documentation. |
Built-in help and guided product tutorials are available. | |
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Customizable Dashboards User-selected widgets, KPIs, and report layouts. |
Dashboards and KPIs are user-configurable. | |
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Advanced Search and Filter Tools Quickly finds contracts, reports, or data sets. |
Advanced search/filter for contracts, reports and datasets included. | |
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Batch Task Processing Enables users to run multiple processes or jobs in one go. |
Batch task processing mentioned in implementation resources. | |
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Mobile Access Responsive or native mobile support for remote access. |
Responsive web interface and mobile access for remote use cited. | |
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Accessibility Features Supports screen readers, high contrast, and keyboard navigation. |
No information available | |
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Personalization Options Adapts look, feel, and shortcuts to user preferences. |
Personalization, e.g., user dashboards, theme/shortcut adjustments, supported. | |
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Error Handling and Guidance Explains errors and suggests corrective actions. |
Explains errors and corrective actions in UI workflow guidance. |
Performance and Scalability
(7 Yes /7 Known /10 Possible features)
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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. |
Elastically scales compute for workloads; inherent in modern SaaS architecture. | |
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High Availability (HA) System uptime assurance via redundancy/failover. |
Solution offers high availability and redundancy (SLA references). | |
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Disaster Recovery (DR) Resilience with backup, restore, and failover options. |
Full disaster recovery options included; see product documentation. | |
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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. |
Automated data archiving to maintain performance is a built-in task. | |
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Performance Monitoring Dashboard Real-time visibility into system/storage/network health. |
Performance monitoring with dashboards for uptime and throughput is available. | |
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Load Balancer Integration Supports distribution of requests for optimal performance. |
Load balancing standard as part of scalable cloud deployment. | |
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Resource Usage Reporting Tracks compute, storage, and bandwidth use. |
Tracks/report usage of compute, storage, bandwidth for administration. |
Security & Compliance
(8 Yes /8 Known /10 Possible features)
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GDPR/CCPA Compliance Meets data privacy laws where required. |
Compliance with GDPR and global privacy laws is confirmed in PwC documentation. | |
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End-to-End Encryption Secures all network communication and data at rest. |
End-to-end (full) encryption at rest and in transit listed as a security feature. | |
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Multi-factor Authentication (MFA) Requires multiple verification steps for sensitive actions/access. |
Multi-factor authentication is a baseline feature for cloud security. | |
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Single Sign-On (SSO) Support Integrates with corporate authentication providers. |
Supports SSO with enterprise authentication for global insurers. | |
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Regular Penetration Testing Routine testing for vulnerabilities and exposures. |
No information available | |
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Vulnerability Management Scans, prioritizes, and remediates security risks. |
Describes vulnerability scanning and risk monitoring in security documentation. | |
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Custom Security Policy Configuration Allows organization-specific security rules. |
Allow for configuration of custom security policies by client. | |
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Detailed Security Logs Logs all access attempts, permission changes, and suspicious events. |
Detailed audit/security logs included for compliance. | |
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User Session Management Tracks, expires, and audits user sessions. |
Session management/tracking for user and admin activities present. | |
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Incident Response Toolkit Facilitates fast mitigation of detected threats. |
No information available |
Cloud and Deployment Options
(10 Yes /10 Known /10 Possible features)
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Multi-cloud Support Can be deployed on all major cloud platforms (AWS, Azure, GCP, etc.). |
Supports deployment on all major public clouds and private clouds. | |
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On-premises Deployment Supports installation in user’s private data center environment. |
On-prem deployment available for clients who require it (per PwC service documentation). | |
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Hybrid Deployment Blend of cloud and on-premise resources. |
Hybrid (cloud + on-prem) supported for regulated/local clients. | |
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Containerization Support Enables deployment as Docker/Kubernetes containers. |
Docker/Kubernetes support for flexible container deployment mentioned for enterprise IT. | |
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SaaS Option Available fully as Software-as-a-Service. |
SaaS deployment option is the default offering. | |
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Automated Patching & Updates Handles system updates and upgrades with minimal manual effort. |
Automated patching/updating as part of SaaS model. | |
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High-speed Deployment Tools Reduces rollout time and effort. |
High-speed deployment tooling for efficient rollout referenced in migration/onboarding. | |
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Disaster Recovery as a Service (DRaaS) Managed disaster recovery through cloud provider. |
Cloud-managed disaster recovery is available as an option (DRaaS). | |
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Geographic Redundancy Supports failover/data-sync across regions. |
Provides geographic redundancy and regional failover. | |
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Automated Scaling Rules Configuration for resource expansion/contraction based on business rules. |
Automated scaling rules can be configured for workload management. |
Extensibility and Customization
(9 Yes /9 Known /10 Possible features)
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Configurable Business Rules Engine Allows business users to create or adjust rules without coding. |
Business users can manage business rules/configurations via UI. | |
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Plugin Framework Add new functions or integrations without disrupting core system. |
Plugin and integration framework supports extensions without system rebuild. | |
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Custom Fields and Attributes Addition of company-specific data fields. |
Supports additional custom fields/attributes for company-specific needs. | |
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API for Custom Integrations Public API enables quick integration with new systems. |
API available for custom integrations per IT team requirements. | |
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Workflow Customization Tailors process flows for approvals, reviews, and escalations. |
Custom workflow configurations included. | |
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Custom Calculation Modules Users can design proprietary actuarial or finance formulae. |
Advanced calculation modules for bespoke actuarial/finance purposes can be created. | |
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User-defined Reporting Create new report templates as business needs evolve. |
Supports creation of new report templates. | |
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Localization Options Adapts solution for local language, currency, and regulatory context. |
Localization for language, currency, and regulatory criteria managed via platform tools. | |
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UI Extensibility Customizes user interface components and branding. |
User interface components can be branded/customized. | |
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Integration Marketplace Ecosystem for certified add-ons or partner solutions. |
No information available |
Implementation & Support
(10 Yes /10 Known /10 Possible features)
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Dedicated Onboarding Support Assistance for initial deployment and user training. |
Dedicated onboarding and user training included in standard delivery. | |
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Standardized Implementation Templates Provides blueprints and best practices for rapid rollout. |
Best practices and implementation templates are provided to ensure rapid rollout. | |
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Migration Toolkits Automates conversion of legacy data and processes. |
Toolkits for migrating legacy data/processes are offered. | |
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24/7 Support Availability Full-time technical and business support access. |
24/7 technical support available as part of SaaS subscription. | |
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Knowledge Base Access Self-service learning, FAQs, and documentation. |
Full product knowledge base, FAQs, and documentation. | |
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User Community Forums Peer-to-peer learning and solution crowdsourcing. |
PwC user communities and forums support group learning. | |
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Release Notes and Change Documentation Detailed release impact and upgrade guidance. |
Release notes/change logs provided with each update. | |
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Service Level Agreement (SLA) Metrics Uptime, support response, and resolution guarantees. |
SLAs provided in standard SaaS contract (covering uptime, support response, and guarantees). | |
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Designated Account Manager Named contact for ongoing engagement. |
Named/designated account manager for large deployments. | |
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Continuous Training Programs Regular product and standard update training. |
Continuous/new training provided as standards or software evolves. |
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