Measurement
We build the models behind your policyholder liabilities under the general measurement model, the variable fee approach and the premium allocation approach, or independently recalculate your figures and explain every difference.
IFRS
17
The measurement models behind your policyholder liabilities, and the disclosure and board reporting that come out of them.
IFRS 17 Deliverables
Automated Financial Disclosures
We generate the figures, notes and supporting evidence your auditors and supervisors require directly from model output, so the reporting pack rebuilds rather than being assembled by hand.
Monitoring Dashboards
We build live dashboards reporting the current contractual service margin, the risk adjustment and what moved each since the last close to the board.
Frequently Asked Questions
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Most firms are past implementation and into the harder problem, which is explaining the quarter rather than reporting it. At Gini we review the measurement model applied to each portfolio, whether that is the general measurement model, the variable fee approach or the premium allocation approach, accelerate the close, and build the contractual service margin run-off analytics that let you decompose the movement.
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Yes, and it is worth revisiting where a portfolio has changed since. The common finding is an eligibility judgement made under time pressure that would now be made differently, particularly on the premium allocation approach. Gini tests each portfolio against the criteria, quantifies the effect of a change and lets you decide, rather than recommending a restatement on principle.
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Usually. The time tends to sit in reconciliation and manual assembly rather than in calculation, so at Gini we automate the data preparation, generate the disclosures from model output, and replace the spreadsheets the reported figures currently rest on with tested code that reproduces them exactly. The evidence that the new process agrees with the old is produced before the old one is retired.
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An explanation of the quarter in terms they can use. Gini decomposes the movement into three parts: how much of the profit recognised came from release, how much from experience against expectation, and how much from assumption changes. Presented as a single movement, the margin invites a question nobody can answer in the meeting.