SAP Insurance Analyzer is a software for the financial and risk management of insurance companies. SAP Insurance analyzer supports the requirements for the valuation and calculation of insurance contracts based on e.g. IFRS 17 or Solvency II. Launched in May 2013 SAP Insurance Analyzer has integrated a preconfigured insurance data model for source and result data.
The source data can have different sources and systems. SAP IA integrates the variety of source data into one platform. By keeping source and result data centralized in a unified data model for both topics, the solution also avoids redundancy.
What are the core functionalities of SAP Insurance Analyzer?
Creation of subledger documents and calculation of KPI based on data from different data sources are two of several main functionalities. Maybe the most important one is the real-time monitoring.
What is new in SAP Insurance Analyzer?
SAP IA is available as release 2.0 support package 3 several topics were implemented.
- assign movement types to calculation steps
- edit basic settings for accounting system
- derivation rules
- OCL/P&L Option
- CSM Group Determination
- Enhanced Asset Liability Determination
- Deferall of Acquisition Costs and Risks Adjustments
SAP is offering a really good page in the SAP Help Portal where all information about the SAP IA service pack can be found. See Link