IFRS 17 standardises insurance accounting globally to improve comparability, increase transparency, and provide accounts users with the information they need to meaningfully understand the insurer’s financial position, performance, and risk exposure. The IASB published a new standard, IFRS 17 ‘Insurance Contracts‘, on Thursday, 18 May 2017. The essential task for insurers is to make the appropriate implementation decisions. IFRS 17 presents opportunities to harness data more effectively, improve the structure of your finance function, and better inform your decision-making. Ultimately IFRS 17 is about what story you want to talk about your company. We have brought the IFRS risk-integrity solution, which helps in mitigating the following problems
Solutions with an Interactive and hassle-free interface and seamless functionality ensure that you get the best experience.
Our products are efficient, durable, ensure peak experience, and apt to solve your most intricate problems and require low maintenance.
Helps insurance contractors in transition from IFRS 4 to IFRS 17 framework
Provide complete user access management
Configures data import and transformation rules
Calculate IFRS-17 measures
Provides complete database security
Solutions can work with existing data warehouses
Scalable data management capabilities
Automated workflow which minimises execution time
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