NSIGMA - IFRS 17
Comprehensive Solution

A New Era of Insurance Reporting Everything changes

Discover Why NSIGMA is a risktech for insurance

Clients

We Are Nybblelogics

With a team of professionals specializing in general insurance, life insurance, reinsurance, employee benefits and takaful, NybbleLogics supports clients with software solutions.Our clients are from India, Middle-East and Africa

NybbleLogics is a boutique digital transformation consultancy company headquartered in Bangalore India, focussing on supporting insurance companies to automate and digitalise their operations, optimise the software portfolio, and implement the latest technologies

Reduce
Operational Cost

Increase
Profitability

Better Service to
Its Customers

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Our Products

nSigma

A New Era of Insurance Reporting
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nReserve

Flexibility at your Fingertips
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MANAGED SERVICES

IFRS 17 Services

IFRS 17 implementation requires an exhaustive approach with extensive changes to technology, actuarial and accounting and reporting functions. Therefore, it is crucial to have the right technology and people in place, including those who will work on and manage the implementation.

We provide access to our IFRS 17 calculation engine along with seamless support from a team of accounting, actuarial and IT professionals. This service fills the gap for insurers who do not have the right internal resources to manage IFRS 17 requirements.

Our team have deep expertise in the insurance domain. We thoroughly understand insurance company structures, data processing requirements, traditional accounting and regulatory reporting compliance and evolving technology capabilities. We have experience in participating in actuarial and finance transformation journeys with leading insurance companies. We partner with insurance companies on their end-to-end IFRS 17 journey, helping them achieve compliance, and providing managed service solutions.

Unique features of our managed services

  • Actuaries, Accountants, and IT analysts working closely together
  • Cost effective – Insurers do not require to invest heavily on applications and systems
  • End-to-end support from data quality, IFRS 17 modelling, aggregation, discounting, risk adjustment, expense allocation, GL posting, Disclosure reporting, Reconciliation from IFRS 4 to IFRS 17, Interaction with your external auditors, and Management reporting
  • Support insurers in preparation of Regulatory reports
  • Easy to implement
  • Minimum data modifications in your existing core systems – both core and finance systems
  • Blended with actuarial and finance calculations
  • Easily integrates with existing systems or data-upload
  • Simple and user-friendly

TALK TO PROFESSIONALS

Why Choose Nybblelogics

Outsourcing

Our proven technology tools, processes and industry expert teams mean ease, scale and flexibility for you. While you focus on your key projects and deliverable, we take your operational hassles away by recruiting, engaging and managing your outsourced remote teams.

Our Outsourcing services are aimed at providing affordable and cost-effective support services specifically for insurance companies under onsite, offsite, or mixed mode. We have a well-defined Service Level Agreement (SLA) enabled support processes

Program Delivery Service

Nybble offers a Program Delivery service as part of the Nybble’s Professional Services offering. Nybble’s Program Delivery is comprised of: Program Management, Core Implementation, Integration, Migration, Use Acceptance Testing and Training.
  • Program Management
  • Core Implementation
  • Integration
  • Migration
  • User Acceptance Testing
  • User Training

Digitilization

Today’s dynamic insurance industry, Insured’s expect instantaneous communication; self-service portals, live chat and so on. To meet those expectations, Insurers are in quest of building a digital future while transforming their existing legacy businesses. Nybble offers the opportunity to modernize and enter new markets rapidly, manage risk more effectively and deliver the customer experience today’s buyers expect. The drivers of values in a digital age will be
  • Technological leadership & Product Innovation.
  • Customer Ownership
  • Efficiency (cost savings) & Effectiveness (higher returns)

Finance Processes

Today, challenges such as legacy technology hurdles, a hyper-competitive market, rapid technological innovation, changing Regulatory requirements, and shift in customer service preferences have limited insurance companies in their ability to achieve a greater competitive advantage and to meet specific business goals

 

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Our Partners

Enoviq digitally transforms your business model, operational process, and customer experience through cloud-based API-enabled solutions. Also, to provide best software used by insurance companies.

InsurerMate is designed to be a Next-gen Platform for All Purposes to address the digital transformation needs, from Omni-channel Distribution Platform to Micro-Insurance Platform, it can also be tailored for anything in between by enabling different key

TARLEEN is a digital transformation and cloud solutions company with strong expertise in Financial Services & Insurance Services. We have the experience, expertise, and vision to drive, targeted services to individual customers.

Revolutionize testing with FireFlink a scriptless automation testing tool for all skill levels! No coding needed. FireFlink enables 4x faster software testing with its simple English scripting. A unified platform for web, mobile, API, enterprise, and desktop testing, FireFlink integrates smoothly with CI/CD, bug reporting, and collaboration tools. With 10+ years of research, FireFlink offers Extreme Automation - an intuitive UI, Al-generated reports, and a 360° product suite.

The leading global no-code software company enabling enterprises to build modern applications that deliver digital experiences and drive business growth without having to write any custom code.

Peak3 is the pioneer of insurance SaaS technology. Our purpose is to make insurance more relevant and affordable through cloud, data, and AI innovation.

Business Principles

Certain values are essential when providing independent professional advice, such as: integrity, respect, professionalism and compliance with all applicable laws and codes of professional conduct. We view these values as “entry to the game” and pride ourselves in making them core characteristics of the way we operate.

  • We make sure our clients come first
  • We innovate, committed to excellence
  • We win as a team, celebrating success
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