1. User Guide
  2. About the Guide
  3. About Oracle Insurance Accounting Analyzer Extension Pack Application

About Oracle Insurance Accounting Analyzer Extension Pack Application

Oracle Insurance Accounting Analyzer Extension Pack comes with a lot of features that will enable insures to not just achieve IFRS 17 compliance but also:
  • Perform a detailed and granular analysis of change of their insurance liabilities using the extension pack calculation templates and reports.
  • Provide a framework to build on the existing calculation templates i.e, modify the templates as per their needs using a friendly user interface.
  • Provide a framework to build on the existing reports i.e, modify the reports as per their needs using a friendly user interface.
  • Perform premium earnings computations applying methods commonly used in the industry.
  • Perform conversion of IBNR, and IBNER reserves from AY basis to UY basis and allocate the reserves to the insurance-group level.
  • Compute UPR, URR and generate future claim payments using claim payment patterns.
  • Perform reinsurance settlement computations for outward reinsurance.