IFRS 17 Reporting
Your IFRS 17 reporting process, can be developed in an effective, lean and iterative way, minimising the risk of investing in systems and developments that are unnecessary. The goal is to keep it as simple as possible, and not add unnecessary complexity to your reporting processes.
With deep knowledge and experience of Solvency 2 reporting, and how to develop an end-to-end solution for this specific reporting process, we deliver the same advantages, principles and technology foundation for your IFRS 17 reporting process.
We recommend an approach where data, calculations and reports, are built in an integrated, controlled and audited environment, testing results iteratively, for an agile and connected IFRS 17 reporting.
Integration and Control
The integration process will focus on connecting current client solutions, such as a Stochastic Calculation Tool, DWH, General Ledger system etc., and implement an IFRS 17 Data Mart that will collect and distribute data between back-end systems calculation tools and reporting solutions.
The key is to set up the client specific parameters and calculation rules, in a controlled environment, so users and stakeholders of reporting can easily understand the actions and data that their results are based on.