What is SAP Insurance Analyzer?

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.

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Reporting based on IFRS 4 is not always easy as it seems to be - as insurance companies have several IT-systems in their portfolio, the biggest challenge in my opinion is to connect all of the systems to get the right data and consequently the right report.

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