Implementing the new financial reporting standard is a time-consuming and challenging endeavour, especially given the constant evolution of industry thinking. Insight can support insurers implementing new finance processes to prepare for a BAU IFRS 17 by setting up the transition balance sheet and providing financial certainty to help decision-makers make key accounting policy choices.
Our team has experience in both the actuarial modelling and the data handling requirements of IFRS 17. We can support existing projects, validate implementations and provide management with support in preparation for interactions with external auditors.
Our experience in IFRS 17 implementation and validation, as well as our involvement in industry discussions, allows us to provide end-to-end client support, from interpretation of the standard and methodology development to implementation of IFRS 17-ready models, systems and processes.
See our Health Solutions Services
Sophisticated projections models, advanced IBNR calculations, and standardised actuarial reporting equip medical schemes and health insurers to better manage their product lines, and design improved products.
We dig deeper into the data to understand the drivers of claims experience to suggest mitigations and improvements.