IFRS 17 is an opportunity to rethink and revolutionise accounting and steering in the Insurance industry
Implementing IFRS 17 implies a major transformation in actuarial and finance reporting processes, systems and data. The key challenge for insurance companies right now is to take the most appropriate decision that best fit their needs and aspirations for their Finance Operating Model.
This publication provides our views on these key questions and demonstrates how an IFRS 17 implementation project can be a meaningful investment towards a strategic, long-term solution.
Beside new technologies and a modern finance system landscape, innovative approaches on how to master multi-valuation accounting are required. Find out more about the innovative Multi-GAAP approach to support the insurance and reinsurance industry with this transformation.
This raises the following questions with regards to upcoming IFRS 17 implementation projects: