FIS have released updates to the Prophet libraries to help support customers with IFRS 17, US PBR and more.
- Support for changes in the June 2019 IFRS 17 Exposure Draft
- Enhancements to the IFRS 17 Toolkit for journal creation
- Other IFRS 17 enhancements including liquidity spreads, and release patterns for DAC and PAA
- ALS enhancements including US PBR updates and Andrew Davidson Loan Dynamics model
- Standardisation of PV calculations and new business in liability libraries
- Other miscellaneous improvements and customer requests