IFRS 17 Link

The AXIS IFRS 17 Link Modules extend each of the AXIS base liability modules to support current period reporting under the IFRS 17 accounting framework. These modules include all the functionality of the Earnings by Source Modules.

While previous releases of IFRS 17 functionality in the AXIS actuarial system have supported current period reporting calculations (previously referred to as historical period functionality) in the same batch runs as projections of IFRS 17 results, we have now separated the support for current period reporting and bundled all of the additional processing and interface changes needed within the new AXIS IFRS 17 Link modules. This change allows us to clearly differentiate the two types of IFRS 17 applications and develop efficient processing options separately for current period reporting under IFRS 17 and for full financial projection.