Chartis Names FIS as Category Leader for Insurance Risk Solutions
- FIS has been rated by Chartis as a category leader among vendors that provide insurance risk solutions for IFRS 17 and LDTI compliance.
- FIS ranked best-in-class for completeness of offering and market potential.
Financial technology leader FIS® (NYSE: FIS) has been named a category leader by leading industry research firm
The IFRS 17 and LDTI accounting standards have been developed by the
In its new “Insurance Risk Systems for IFRS 17 and LDTI Compliance, 2020” Market Update and Vendor Landscape, Chartis assessed suppliers of IFRS 17 and LDTI technology compliance solutions based on the completeness of their offerings as well as their market potential. FIS is rated as a category leader in all three of its RiskTech Quadrant® for accounting systems, data management and reporting, and actuarial modeling.
“Collectively, these two new accounting standards will represent the biggest systematic change experienced by the global insurance industry in decades,” said
FIS has ranked No. 1 in the Chartis RiskTech100® for the last five years, leading the Industry Category for Insurance each year and topping the Solutions Category for IFRS 17 the last two years. In addition, FIS was named a category leader in a 2019 Chartis report ranking solution providers for IFRS 17.
To read the highlights of the Chartis report, visit https://empower1.fisglobal.com/rs/650-KGE-239/images/2020-Chartis-LDTI-and-IFRS-17-RiskTech-Quadrant.pdf.
FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our more than 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in
Senior Vice President