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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.

Insurance Analyzer Structure

Insurance Analyzer Structure

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 2.0 SP04?

SAP Insurance Analyzer is actual (date: 07/2019) available in version 2.0 with support package 4.0. Therefore the latest version is SAP Insurance Analyzer 2.0 SP04.

latest updates of SAP IA 2.0 SP04:

  • VFA: Interest Accretion Loss Component Allocation based on underlying item relevancy 
  • PAA: LRC Amortization of Loss component
  • PAA: Interest Accretion due to Significant Financing Component
  • VFA: Interest Accretion Loss Component Allocation based on underlying item relevancy
  • Enhancement Category of /NXC/ DDIC structures (Data dictionary)

What is new in SAP Insurance Analyzer 2.0 SP03?

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

good sources for SAP Insurance Analyzer

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

About the author

Paul

Paul

IFRS 4, IFRS 17, Solvency II, FS-PER, many synonyms for a big challenge insurance companies have to face within the next years to fulfill legal requirements from IASB, European Insurance and Occupational Pensions Authority (EIOPA) and others- and i love to write about it.

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