Fairmat IBIPs Designer

Solution for implementing “Product Oversight Government” compliance processes on life insurance products.

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Life insurance products life-cycle

Market: Life insurance

Regulatory reference: IDD

Fairmat’s IBIPs Designer allows to prototype and test new products features and determine Target Market by carrying out market stress analyses. It also allows the comparison of several risk/cost/output indicators with all life insurance products commercialized on the Italian market (in conjunction with the OpenKIDVita service).

Key features

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    Possibility to test different investments strategies or underlying, investment combinations as the structural parameters of the insurance wrapper and market conditions change.
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    Calculation of necessary indicators to define the target market.
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    Identification of the recommended investment horizon for «risk objective» and «target return» products.
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    Identification of indicators and performance scenarios (used for KIDs) in current market assumptions or in the event of market stress.
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    Comparison of indicators calculated on multiple product features hypotheses. Possibility of defining custom summary indicators (for example the “value for money”) and to use them as basis comparison with those of other life products available on the market.
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    Carried out tests may be stored in the platform for audit purpose and directional reports generation.
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