SAP Insurance Analyzer and the SAP FRDP on HANA

The SAP Insurance Analyzer  and the additional components of the SAP FRDP (Financial Risk and Data Platform) on HANA represent leading edge applications for the finance and risk management of insurance companies to implement the relevant IFRS4/9/17 and Solvency regulations.

The SAP Insurance Analyzer consists out of the components Accounting for Insurance Contracts and SAP Solvency Management for Insurance.

The Accounting for Insurance Contracts enables the customer to operate a subledger in which booking functions in accordance with IFRS as well as options for determining and updating of discounting effects, the allocation of cash-flows, and the adjustment of the service margins can be implemented on the basis of the PAA, GMM or VFA Approach.

The component SAP Solvency Management enables the customer to perform the calculation of the capital requirements based on the Solvency II guidelines published by EIOPA. The Insurance Analyzer thus provides the data for follow-up processes, e.g the balance sheet reporting and the reporting requirements resulting from the third pillar of Solvency II.

FRDP Insurance 2SAP AFI (Accounting for Financial Instruments) is applicable also in insurance companies.

The General Ledger Connection (SAP GL) is applicable analogue to Bank Analyzer via Process Integration (PI) or via ABAP/RFC-Technology.

The respective reporting can be realized with the known SAP BI-Solutions (BW/BO incl. Lumira etc.).

Impairment Functionalities can be implemented according to our proposal in the area of IFRS 9/BA Impairment.

In addition to the Insurance Analyzer, e.g. the solution Financial Performance Management (FS-PER) in the area of profitability or as a kind of cash flow preprocessing can be used. The so-called SAP Cost and Revenue Allocation enables flexible, complex allocations to create a data base for high-performance near-time risk and profitability analyzes on HANA for various insurance products.