SAS Solution for IFRS 17
GRC tools
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- Ease of management
- Quality of support
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What is SAS Solution for IFRS 17
SAS Solution for IFRS 17 is a governance, risk, and compliance-focused software solution that supports insurers in implementing and operating IFRS 17 financial reporting processes. It is used by finance, actuarial, and risk teams to manage data, calculations, controls, and auditability for IFRS 17 measurement and disclosure requirements. The solution typically integrates with upstream policy/claims and actuarial systems and provides workflow, traceability, and reporting aligned to IFRS 17 operating models.
IFRS 17-specific workflows
The product is purpose-built around IFRS 17 processes such as data intake, calculation orchestration, results review, and reporting handoffs. This reduces the need to assemble generic GRC components into an IFRS 17 operating model. It fits organizations that want compliance-oriented process structure rather than only calculation tooling.
Traceability and audit support
The solution emphasizes lineage and traceability from inputs through calculations to reported outputs, which supports audit and internal control requirements. It can help teams document approvals, changes, and evidence for key steps in the close process. This aligns with common GRC expectations for defensible reporting and repeatable controls.
Integration with SAS risk stack
It can be deployed alongside related SAS risk and model governance products to support broader risk management and model oversight needs. This is useful when IFRS 17 reporting depends on actuarial models and assumptions that require governance. Organizations already using SAS platforms can consolidate administration, security, and analytics patterns.
Implementation complexity and effort
IFRS 17 programs often require significant configuration, data mapping, and process design, and this solution is typically not a lightweight deployment. The time and cost depend heavily on source-system quality and the insurer’s target operating model. Smaller insurers may find the implementation overhead high relative to simpler tooling.
Specialized skills required
Effective use commonly requires a mix of IFRS 17 domain expertise and SAS platform skills for configuration, integration, and operations. This can increase reliance on specialized internal resources or services partners. Teams without prior SAS experience may face a steeper learning curve.
Narrow regulatory scope
The solution is centered on IFRS 17 reporting and related governance needs rather than broad enterprise compliance coverage. Organizations looking for a single tool to manage many unrelated regulatory frameworks may still need additional GRC capabilities. Fit depends on whether IFRS 17 is the primary driver for the GRC investment.
Plan & Pricing
| Plan | Price | Key features & notes |
|---|---|---|
| Enterprise / Custom | Contact SAS for pricing | SAS Solution for IFRS 17 is an enterprise-grade, configurable solution delivered on the SAS Viya platform. Public pricing is not published on the vendor site; customers are instructed to "Request Pricing" or "Request Demo". Deployment/licensing options (on-premises, managed cloud/Azure) and licensing terms are handled through SAS sales. |
Seller details
SAS Institute Inc.
Cary, North Carolina, USA
1976
Private
https://www.sas.com/
https://x.com/SASsoftware
https://www.linkedin.com/company/sas/
