This course introduces data analysts, financial analysts, and end users to the tasks used in SAS Solution for IFRS 17 cycles. The course includes hands-on demonstrations and teaches you key concepts, terminology, and base functionality that are integral to SAS Solution for IFRS 17.
Learn How To
Describe the role and use of each component of SAS Solution for IFRS 17.Describe the process involved in IFRS 17 calculations and report generation.Describe the data structure required for the solution.Apply business rule sets for data quality.Leverage the standard IFRS 17 content to orchestrate production cycles.Perform several tasks to generate IFRS 17 calculations and disclosure reports.Who Should Attend
End users, data analysts, financial analysts, and any members of an organization's project team who need to develop basic understanding of the solution and will participate in the requirements development and solution design phases for the implementation of SAS Solution for IFRS 17
Prerequisites
Basic-level familiarity of insurance industry terminology and the IFRS 17 standard for insurance contracts is recommended.
SAS Products Covered
SAS Solution for IFRS 17;SAS Risk Stratum
Course Outline
Introduction to the SAS Risk Stratum Platform
Introduction to the SAS Risk Stratum platform. Key terminology and concepts.Key components and functions.Introduction to SAS Solution for IFRS 17IFRS 17 overview.Overview of the SAS IFRS 17 content package.Introduction to the IFRS 17 workflow.Simple analogy of IFRS 17 calculations.Creating and initializing a cycle.Data Processing and Data QualityData processing.Data quality.IFRS 17 Analytics Discounting of cashflows.Measurement models GMM/VFA.PAA calculations.Subledger Accounting Module Deriving journal entries.Reviewing initial financial reports.Disclosure Reports and Sign-OffGenerating disclosure reports and signing off.
