Loss Reserving and IFRS 17 in Plain Sight
Build paid and incurred loss triangles, project IBNR with Chain-Ladder or Bornhuetter-Ferguson, and measure IFRS 17 PAA liabilities — all inside Odoo, with no dependency on any other insurance or claims module.
The problem
Actuaries and reserving analysts set IBNR and IFRS 17 liabilities in spreadsheets that are error-prone, hard to audit, and disconnected from the claims data that feeds them. Development factors get overridden with no record of who changed what or why, and comparing a new valuation against the prior one means rebuilding the view from scratch every cycle.
The solution
Insurance Loss Reserving & IFRS 17 ingests claim and transaction history independently, builds paid and incurred triangles automatically, and lets an actuary override a development factor and see the impact on IBNR instantly. Every study is versioned, every change is tracked in the chatter, and sign-off by an appointed actuary locks the numbers for audit.
Everything a reserving cycle needs
Every capability below is implemented in the module.
Paid & Incurred Loss Triangles
Triangles are built automatically from dated claim and transaction history, bucketed by origin period and development age — annual, half-yearly or quarterly.
Chain-Ladder & Bornhuetter-Ferguson
Volume-weighted age-to-age factors with a manual override column — change a factor and the cumulative development ladder recomputes immediately.
IBNR by Origin Period
Projected ultimate, incurred-but-not-reported reserves and outstanding reserve are computed for every origin period in one pass.
IFRS 17 PAA Measurement
Premium Allocation Approach measurement with the Liability for Remaining Coverage and the Liability for Incurred Claims split out per group.
Risk Adjustment & Onerous Test
Risk adjustment is calculated as a configurable percentage of the LIC best estimate, and each group is automatically flagged onerous when expected claims exceed unearned premium.
Appointed-Actuary Sign-Off
Studies move through Draft, Computed, To Approve and Approved, with approval restricted to the appointed-actuary group and recorded in the chatter.
Study Versioning & Audit Trail
An approved study can be rolled into a new version linked to its predecessor, so every assumption change and every prior result stays on the record for an auditor to inspect.
Guided Setup & In-Product Glossary
A step-by-step wizard connects a segment, loads sample claims if needed, and produces a first study on day one; an in-product glossary explains every actuarial and IFRS 17 term for non-actuary reviewers.
Historical-vs-Projected Comparison
A dedicated comparison view and a prior-vs-current study tab show movement in IBNR and liabilities at a glance, with the delta flagged by origin period.
How it works
Ingest Claims
Import or enter claim and transaction history by segment — no other Odoo insurance module required.
Build & Compute
Use the guided wizard or the Compute button to build triangles, development factors, IBNR and the IFRS 17 measurement in one pass.
Review & Adjust
Override a development factor and watch IBNR and the IFRS 17 numbers recompute live before committing.
Submit & Approve
Submit for approval; the appointed actuary signs off and the study locks with a full chatter audit trail.
Frequently asked
No sales fog. If your question isn't here, email us and we'll answer it the same way.
No. Claim and transaction history is ingested independently inside this app — by import or manual entry — so there is no hard dependency on any paid insurance or policy administration module.
Buy it on the Odoo App Store
Purchase, download and install directly from the official Odoo Apps Store — you'll always get the latest supported build.
Insurance Loss Reserving & IFRS 17
Paid and incurred loss triangles, Chain-Ladder and Bornhuetter-Ferguson IBNR and IFRS 17 PAA measurement — with appointed-actuary sign-off, study versioning and prior-valuation comparison.
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