addactis Blog

Our experts share with you their views on the major challenges of the insurance market.

Data, systems integration, processes, reporting…: The Strategic Role of Finance in IFRS 17

In the rapidly evolving insurance industry, finance and accounting teams are essential drivers of operational improvement and regulatory compliance. Discover our article about the Strategic Role of Finance in IFRS 17.

Addactis, ISO 27 001 certified

After many months of hard work and dedication on the part of all our teams, Addactis has just been certified ISO 27001:2022, via Certi-Trust.

Risk-free rate curves and EIOPA data

Each month, Addactis lists and summarizes the economic parameters used to produce the solvency ratio and the economic balance sheet: risk-free rate curves, volatility correction, symmetrical equity adjustment, etc. Read our article now.

Benchmark: practices and challenges in non-life reserving methods

In 2024, the addactis observatory conducted a nationwide survey of non-life insurers in the French market, in order to update its previous studies and highlight market trends in a rapidly changing environment.Technical reserve estimation surveyEstimating technical...

IFRS 17 & Data: Key Challenges and Solutions for actuaries and financial teams

Data plays a central role in the successful implementation of IFRS 17. Actuarial, financial systems and general management challenge is to ensure correct measurement and transparency of financial results.

ADDACTIS Group appoints Frédéric CEYTE as Chief Executive Officer

ADDACTIS Group is excited to announce the appointment of Frédéric CEYTE as its new Chief Executive Officer, marking a significant milestone in the company’s strategic evolution.

How to choose the right reserving method?

How do you know that the reserving methods you are currently using are the “best”? Read our article and discover the four non life reserving methods you need to master throughout your actuarial career.

Key Considerations for a Smooth IFRS 17 Implementation

Discover the critical steps insurers must take for a successful IFRS 17 implementation, including gap analysis, data readiness, and system upgrades.

IFRS 17: Definitions, Objectives and Key Features

Discover everything about IFRS 17, the international accounting standard for insurance contracts: definitions, objectives, and key features. Understand its implications and how it is transforming the insurance industry.

Accelerating IFRS 17 Compliance: Tech Solutions for Latecomers

Read our article and learn how latecomers to IFRS 17 compliance can accelerate their journey with technology solutions.

How to Fast-Track the IFRS 17 System Implementation

Discover the 5 key steps to fast-track IFRS 17 system implementation and transition confidently and seamlessly with the IFRS 17 standard.

EEA’s EUCRA report: an alarm signal for climate risk

Faced with the urgency of climate risk, the European Environment Agency (EEA) has published the first European Climate Risk Assessment (EUCRA) report. This document offers a precise diagnosis of the climate risks and outlines immediate ways of adapting to them.

Unlocking Opportunities in the Latin America Insurance Market

Gain insights into the Latin America insurance market from two pivotal events in April 2024. Discover the opportunities shaping the industry.

Demystifying Geographical Risk Factors in Insurance Pricing: How Credibility Theory can help

Unsure how geographical location affects your insurance premium? This article explores and demystifies how Credibility Theory helps insurers set fair and transparent prices based on geographical risk factors. Learn how it works thanks to our experts and access more insurance pricing resources!

Multi-standard comparison : IFRS 17 vs Solvency II & IFRS 4

In this paper, our experts propose a comparison with other accounting or prudential standards (IFRS 4, Solvency II) in order to analyze, interpret and compare the results of IFRS 17, applicable from January 1, 2023.

Launch of the EIOPA 2024 stress test exercise

On April 2nd, EIOPA launched its stress-testing exercise for the year 2024. Find out more about the scenario and the methodological approach applied in the synthesis produced by our experts.

Solvency II: EIOPA publishes the Ultimate Forward Rate (UFR) for 2025

Ultimate Forward Rate 2025: Following EIOPA’s publication, read our experts’ comments on the calculation methodology, the value of the UFR 2025 for the euro currency, the evolution of the UFR and the LLP…

Addactis at CAS RPM Seminar 2024: Key Learnings and Insights

Addactis had the honor of being part of The Casualty Actuarial Society RPM Seminar 2024 in New Orleans contributing to enriching sessions and round table discussions. Read the article now to uncover the fascinating insights and perspectives shared by Addactis at the CAS RPM Seminar.

Risk Adjustment under IFRS 17 – Definitions, Calculations, and Impacts

Discover IFRS 17 Risk Adjustment insights with Addactis. Uncover its pivotal role, compare it with Solvency II, and stay ahead in insurance accounting.

How to reconcile between Solvency II and IFRS 17 key figures

Read our article to find out the differences between Solvency II and IFRS 17 and how insurers can increase consistency and synergies between both regulatory regimes.

Client Testimonial: Thai Reinsurance’s successful implementation of addactis® IFRS 17

The implementation of IFRS 17 has posed a significant challenge for insurers worldwide. For Thai Reinsurance, navigating the complexities of IFRS 17 became a seamless journey, thanks to the collaboration with Addactis Group. Read Thai Re’s testimonial to learn about their successful journey through IFRS 17 challenges with addactis® IFRS 17 Solution.

Insightful Discussions at GCA 2024

Discover the key highlights from the Global Conference of Actuaries 2024 and gain insights into the main challenges of the indian insurance. Read the article to learn more about India’s ambitious 2047 goals and how the insurance sector, along with actuarial resources, emerges as key player.

Reflecting on a Fruitful Participation at GAIF 2024 Conference

The 34th GAIF Conference 2024 brought together nearly 2,000 participants from all Arab countries and beyond, creating a dynamic platform for discussions and collaboration in the region’s ever-evolving insurance sector. Discover our incredible experience when we attended this conference in Oman.

How to interpret and master your IFRS 17 accounts

IFRS 17 was effective in January 2023 in the international insurers market. Insurers are facing today huge challenges as they are publishing new figures. They must provide technical interpretations and a comparative financial statement view with IFRS 4.
Our experts explain how insurers can face IFRS 17 post-implementation challenges in publishing new figures and updating financial statements.

Challenges and Best Practices for IFRS 17 Implementation

As insurers embark on the IFRS 17 journey, they encounter multiple challenges. Whether you are an early or late adopter, read our IFRS 17 benchmark and unlock expert insights for a smooth implementation.

[Press Release] Fortino Capital invests in Addactis

Addactis, the Risktech for insurance, is joining forces with Fortino Capital to accelerate its transition from services to a software company. The ambition is to lead in Europe and scale globally through a wealth of actuarial and regulatory expertise. Read the Press Release.

Lessons Learned from ISEG Lisbon Pricing Game | Key Insights

Read now our article and find out what are the key learnings of ISEG Pricing Game on 20th of October, 2023 for actuarial students.

Solvency II Review: What are the Pillar 1 key issues?

While the Trilogue discussions on the Solvency II review have just begun, Addactis experts offer you an analysis of the Pillar 1 key issues and a reminder of the genesis of the review and the ongoing legislative process in order to provide visibility on the next steps.

4 reasons to move from MS Excel® to addactis® IBNRS®

Switching from an Excel spreadsheet to an integrated reserving solution such as addactis® IBNRS® is no longer something that should be considered, but something your actuaries need to optimize time management, automate your reserving process and enhance reliability, efficiency and data security.

2020 Solvency II Revision: Anything new during the summer?

In June 2022, the ECON committee of the European Parliament began discussions on the Solvency II revision. The entire industry was anticipating a vote by the Parliament before the end of 2022 and a completed trialogue by the first half of 2023, with a publication in the Official Journal of the European Union in July 2023. What is the current status today?

EIOPA discussions about the prudential treatment of sustainability risks

Addactis experts guide you in the understanding of the latest EIOPA regulatory texts on climate risks.

EIOPA: Natural Disasters & Insurance Protection

Faced with the shortfall in NAT CAT insurance protection, EIOPA has decided to introduce a dashboard, which main objective is to monitor the risks associated with these protection gaps. Take a closer look with our experts!

Save Time with addactis® IBNRS®

Actuaries, do you ever thought about moving from Excel to a new Reserving solution when it comes to dealing with the complexity of creating and manually adjusting the Chain Ladder calculations?
Read our article to find out how you can gain time and efficiency with addactis® IBNRS®

How to speed your IFRS 17 implementation journey

Addactis has led more than 50 IFRS 17 implementations around the world in recent years and has been able to acquire solid and rich expertise. In this article we will highlight what we have seen so far in our implementations.

Be Transition-ready to meet your IFRS 17 deadline

The full impact of IFRS 17 will be felt for a long time, partly because KPIs and metrics will change. So, you must be aware of your transition decisions.
Our experts took part in a filmed Q&A session to outline the technical impacts of IFRS 17, the different approaches and give the recommended actions for insurers to have a smooth migration to IFRS 17.

2023 Excellence Award granted by Línea Directa Aseguradora

Addactis has been awarded the XIII edition of the Línea Directa Aseguradora Award in the “Excellence in Service” category on May 19, 2023. Read the article to find out why Addactis becomes the first choice of solution provider for insurance companies for their IFRS 17 implementation project.

Automate your Chain Ladder method with addactis® IBNRS®

Why do actuaries spend time and effort on Excel® when they can save valuable time by automating complex calculations with addactis® IBNRS®. Read our article to find out how you can replace the complexity of calculating a Calculated LDF on Excel® with our software’s automation.

EIOPA Ultimate Forward Rate 2024: Evolution and Experts Point of View

Following the EIOPA publication setting the 2024 Ultimate Forward Rate at 3.30%, our experts shared their perspectives on its evolution. This article will cover the historical background, the UFR methodology and context, as well as our experts’ insights.

Traceability and Governance with addactis® IBNRS®

In this article, you will discover why you should move from Excel® to an advanced Reserving solution and how addactis® IBNRS® tracks changes and helps strengthen security in your actuarial tasks.

The right approach for a smooth IFRS 17 transition

What approach to choose to lead the transition between the current accounting standard to IFRS 17 and what are the requirements for proper implementation? Watch our full video to learn about the different retrospective approaches and find out how to pick up the one that meet your needs.

Enhance Reliability and Efficiency with addactis® IBNRS®

Excel® can introduce errors and inaccuracies, making it a less reliable tool for actuaries. Read our article to find out how addactis® IBNRS® simplifies project consolidation while offering increased reliability, enhanced security, and compliance with regulatory standards.

The 4th edition of Pricing Game at University of Malaga for actuarial students

Read now our article and find out what are the key learnings of the 4th edition of Pricing Game that was co-organised by Addactis and the University of Malaga on 17th February 2023 for actuarial students.

How Addactis creates the right Pricing Game

Organize your next Pricing Game with Addactis and engage your actuarial team in solving a real-life actuarial problem.

Addactis celebrates the inauguration of its new subsidiary in Brazil!

Addactis® experts like challenges, going further, surpassing themselves to build actuarial and software solutions for the insurers around the world. We are delighted to announce the opening of its new subsidiary ADDACTIS Brazil and our global presence in more than 40 countries.

Critical time on the reserving agenda when it comes to integrating inflation

With the current geopolitical environment, inflation has skyrocketed. Let’s have a look at how insurance companies can estimate and integrate inflation into their reserving process.

Addactis in the ranking of InsurTech100

FinTech has just released its annual InsurTech100 ranking, listing the 100 most innovatives insurance companies, which includes Addactis.

Inflation: what pricing challenges for 2023?

After two years of quite positive results in home and motor insurance, a strong inflationary drift is observed over all lines of business in 2022.

Solvency II: The Trialogue Negotiation

Analysis & clarification of the trialogue negotiation driven by the 2020 review of the Solvency II regulatory reform. Read our experts’ insights in this article.

Update of EIOPA guidance on contract limits and valuation of technical provisions

EIOPA launched two consultations between July and November 2021 to update these guidelines originally published in 2015 on the valuation of technical provisions and contract boundaries. After taking into account the various feedbacks to these consultations, EIOPA published the final version of the revisions on April 21.

Key learnings from the Motor Insurance Pricing in Saudi Arabia

Unveiling the secrets of motor insurance pricing in Saudi ! The Actuary Magazine shares the key lessons from Addactis’ last Pricing Game, a competition in which actuarial professionals work together to solve a problem that reflects actual market conditions.

Addactis, new Silver Sponsor of the Spanish Actuaries Institute

For many years, Addactis has been supporting numerous actuarial institutes around the world. Addactis is glad to announce that, as a further demonstration of its support, the RiskTech for Insurance becomes the new Silver Sponsor of the Spanish Actuaries Institute.

IFRS 17 Implementation in Spain and Portugal: Local Challenges and Insights

Addactis experts answered a series of questions related to the multiple implementations of IFRS 17 carried out by our clients in Spain and Portugal. Let’s read their vision of the state of progress.

Risk aggregation under IFRS 17

We are very proud to announce that Tachfine El Alami, PhD student at ISFA Lyon University and part of our Addactis teams, has been selected to present his work on the IFRS 17 standard at the the next 2022 IME and EAJ conferences. More info on his IFRS 17 work in this article!

Swiss Solvency Test : ORSA projections with the new add-on

With addactis® Celer(ity), insurance companies can optimise all risk management processes – from data preparation to visualisation of key figures – on a web-based platform. Get to know more on the innovative add-on to the standard model in accordance with the Swiss Solvency Test (SST).

Four main challenges insurers face in implementing IFRS 17

Discover the four main challenges Turkish insurers face in implementing IFRS17 and read our detailed analysis for insights and solutions.

ESG acceleration of the production process

This article defines an integrated production process to accelerate ESG tables production in multi standard framework. It identifies conceivable acceleration methodologies accordingly
to the sensitivities to be produced. It finally discusses the operational implementation of the acceleration process.

Euro 2020 final: actuarial experts forecast Italian victory over England

Italy is predicted to beat England in the Euro 2020 final this Sunday, based on analysis using stochastic modelling from addactis® Modeling.

Pricing: a priority for non-life insurers in Africa

What if your company’s growth and sustainable long-term profitability depended on your pricing and underwriting policies?
The African non-life insurance market is a case in point.

Why is non-life Insurance not taking off in Africa?

Why is insurance in Africa not fulfilling the economic, financial & societal roles that it is being asked to play? What is the reason for this failure?

The Top 6 Myths of Non-life Pricing Insurance

We have identified 6 pricing myths that seem to be strangely persistent and widespread among all types of non-life insurance companies.

addactis® IFRS 17 solution: Performing a Proof of Concept in 2 weeks

Our standard solution allows us to perform a proof of concept, from data transformation to the creation of the journal entries, in two weeks. Read our Press Release.

Addactis to launch IFRS 17 data manager tool

addactis® plans to launch a data manager tool and other features later this year to further assist insurers’ implementation of IFRS 17. Interview of Stéphanie Dausque, CEO of ADDACTIS Asia, with InsuranceERM.

addactis® and Volada support HANSAINVEST

Following the successful implementation of Solvency II Tripartite Templates, HANSAINVEST Hanseatische Investment-GmbH is now able to complete its reporting according to the German Insurance Supervision Act (VAG) and the Capital Requirements Regulation, based on the software and services platform provided by addactis®.

ADDACTIS announces its new governance

Addactis announces its new governance. Virak NOU is appointed President & COO. Focused on a unique business model combining actuarial expertise and software edition, ADDACTIS – the RiskTech for Insurance – is implementing a new governance which aims to improve transversality and reinforce R&D focused on both Actuarial Science, Analytics and Technology. Discover the new governance of Addactis.

Advanced SIRD modelling and reprocessing COVID-19 data issues

Advanced SIRD modeling allows to jointly project symptomatic and asymptomatic contamination cases.

Comparisons of case-fatality rates

The case-fatality rates: why should comparisons between countries be put into perspective?

Modelling of epidemics through machine learning

Health Impact of COVID-19: From Epidemiological Modelling to Machine Learning

COVID-19: Epidemiological models & calibration issues

Understanding the issues of SIRD modelling and implementing it on French data set related to the COVID-19 pandemic.