IFRS 17 Managed Services
Provide services like IT, Actuary, Data Analytics and Finance processes.
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
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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
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