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features
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support

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Description

Aptitude IFRS 17 Comply is a software-as-a-service solution that provides a fast, cost-effective, and efficient way to achieve compliance with IFRS 17 standards. This streamlined, pre-configured variant of our comprehensive Aptitude IFRS 17 Solution is tailored for insurance companies that require a swift and standardized approach to meet IFRS 17 regulations, while also establishing a solid groundwork for future transformation initiatives. The IFRS 17 standard is an essential compliance obligation for relevant insurers. While some larger insurance firms are leveraging the standard as an opportunity to enhance their financial and actuarial processes, many smaller insurers aim to fulfill compliance requirements with minimal disruption, at the most economical price point, and utilizing limited resources. In response to this growing need, Aptitude has crafted IFRS 17 Comply to cater to insurers seeking a solution that is not only quick to deploy but also ensures adherence to necessary compliance standards. This approach allows insurers to focus on their core activities without being bogged down by complex compliance challenges.

Description

Adapt to evolving market needs by implementing a contemporary, rules-centric life insurance policy administration solution that encompasses new business underwriting, policy issuance, billing, collections, policy processing, and claims management for both Individual Life and Annuity as well as Group Insurance, all integrated into one platform. Transform your operations by streamlining policy processes to achieve sustained efficiency over time. With a rule-based life insurance policy management system, you can effortlessly adjust your scale while fostering a digital ecosystem that enhances the customer experience. Quickly design, oversee, and launch group insurance products with this highly adaptable, rules-driven policy administration tool. This singular platform for life insurance policy management caters to both individual and group needs, enabling the creation of hybrid products and fostering collaboration across different sectors of the business. By utilizing a modular solution that standardizes business rules, you can enhance agility, accelerate your time to market, and drive automation in processes, ultimately leading to reduced operational expenses. Embrace this innovative approach to ensure your insurance offerings remain competitive and responsive to changing demands in the marketplace.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Aptitude Software

Founded

2008

Country

United Kingdom

Website

www.aptitudesoftware.com/product/aptitude-ifrs-17-comply/

Vendor Details

Company Name

Oracle

Founded

1977

Country

United States

Website

www.oracle.com/financial-services/insurance/policy-administration/

Product Features

Compliance

Archiving & Retention No 
Artificial Intelligence (AI) No 
Audit Management No 
Compliance Tracking No 
Controls Testing No 
Environmental Compliance No 
FDA Compliance No 
HIPAA Compliance No 
ISO Compliance No 
Incident Management No 
OSHA Compliance No 
Risk Management No 
Sarbanes-Oxley Compliance No 
Surveys & Feedback No 
Version Control No 
Workflow / Process Automation No 

Product Features

Insurance Policy

Cancellation Tracking No 
Claims Tracking No 
Policy Generation No 
Policy Issuance No 
Policy Processing Yes 
Quotes / Estimates No 
Rating Engine No 
Reinstatement Tracking No 
Reinsurance Administration No 
Renewal Management No 
Underwriting Management No 

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