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Oracle Financial Services Recognized by Chartis Research for IFRS 17 and LDTI Compliance

Oracle Named Category Leader in IFRS 17 and LDTI Solutions

Oracle earned the distinction of Category Leader for its IFRS 17 and LDTI solutions by Chartis Research– placing highly in two Chartis RiskTech Quadrants® for accounting systems solutions and data management and reporting solutions.

“The IFRS 17 and LDTI standards are a historic change to insurance revenue-recognition requirements,” said Sid Dash, research director, Chartis Research. “Both predicate the need for insurers to break down silos in data management and reporting to ensure they have full agility and transparency across the enterprise. Oracle has long been effective at helping customers quickly adapt to new standards, and these recent quadrant positions underscore its ability to help insurers prepare for the upcoming IFRS and LDTI mandates.”

Insurance Risk Systems for IFRS 17 and LDTI Compliance, 2020, a Chartis Research report, evaluates 13 vendors based on its completeness of offering and market potential.