Sanlam captured life-insurance pricing and policy-administration logic for an IFRS 17 evidence package.

Sanlam Group, headquartered in Cape Town, is the largest non-banking financial services group in Africa, with life-insurance, savings and investment operations spanning more than 30 markets. Long-running COBOL platforms hold actuarial pricing, policy administration, claims and persistency logic accumulated across multiple product generations and jurisdictions — exactly the surface area that IFRS 17 transition pulls into evidence-bearing scope.

COBOLpro captured the actuarial pricing rules, policy-administration flows and claims-control logic across Sanlam's life book. The work covered multi-country product variants, validated each rule with the actuarial and IT owners, and tagged outputs by product family and market so that downstream evidence packages could be assembled per regulator without re-deriving the underlying logic.

Actuarial, finance and compliance teams now share a single reviewed knowledge base for IFRS 17 measurement-model decisions and ongoing regulatory submissions. The same artefact supports product-team conversations about which legacy products are still economic to maintain on the existing platform, and which would benefit most from a managed retirement or migration path.