The new standard brings significant changes into measurement and accounting of insurance contracts that, without the right strategy, will lead to a time-consuming and expensive overhaul of financial management processes, applications and operating models.
The impact of IFRS 17 will be extensive across your entire organization, affecting the accounting policies, systems, and processes you have in place. For this reason we have an IFRS 17 solution that would benefit everyone. Check our solution guide here.
Our automated solution has a proven track record of:
We also provide full maintenance and support during the process of data collection, calculations, reporting and disclosures.
This way you can focus on your business with confidence that you’re in compliance with regulatory standards.
Check functionalities of IFRS17 demonstrated on simple contract here.
Pre-configured solution gets you compliant quickly with a lower total cost of ownership (TCO)
Creates a single contract data repository to accurately calculate, report and disclose for IFRS 17 and other reporting requirements. With confidence in your numbers and integration with Qlik Sense and Microsoft BI solutions you can spend more time on analysis and planning.
Our regulatory solutions are non-disruptive to existing architectures - they integrate with all your systems, including CCH Tagetik CPM and non-CCH Tagetik applications, on premises or on the cloud. CCH Tagetik's ETL capabilities allow you to seamlessly integrate with any source system to import or export data.
With our calculation engine and the power of analytics, you can process and calculate large volumes of data quickly. Flexible modelling capabilities allow you to easily extend and maintain library of models, configure calculation logic and rules with a user friendly interface to stay compliant.
A single version of data makes it easy to analyze, drill down to details, and report while adhering to IFRS 17 disclosure requirements. With our additional Collaborative Office solution, you can easily create a MS Word financial statement, a pdf board book, a PowerPoint presentation or a submission to regulators; the numbers and narrative are accurate and auditable.
Monitor the whole process with a dashboard that provides the status throughout the submission, adjustment and consolidation process. Using CCH Tagetik’s preconfigured workflow and communication tools unify the entire cycle and keep contributors on track and reports on time.
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