IFRS 17 means more complexity for insurers everywhere. So with the aim of bringing some much needed clarity, we spoke with Kevin Griffith, Partner and Global IFRS 17 Lead at EY, about how implementation and its necessary changes will affect insurance firms.

A specialist in IFRS 17, Kevin has spent 20 years in the industry and provides a wealth of insight and guidance. He is also leading a number of global IFRS 17 engagements with clients in Europe, where he’s seeing the successes and challenges of implementation up close.

We discussed the:

  • The impact of IFRS 17
  • Short and long term implementation challenges
  • Need for insurers to act early
  • Challenge and importance of 'explainability'
  • Reduce your dependency on IT with a rapid implementation
  • Creating the ideal solution
  • Three things we should all remember
Download the paper for a practical view on the changes and challenges of IFRS 17 for insurers.

CCH Tagetik for IFRS 17

Accelerate compliance with a non-disruptive pre-configured approach to IFRS17 compliance, implemented by insurance experts.

CCH Tagetik centralizes contractual data by seamlessly integrating to any source including general ledgers and actuarial systems. With a powerful data engine and reporting hub, you get a data repository, calculation modeling, reporting and disclosures in one easy-to-use solution.

Since we built our solution for finance you can easily adapt to the evolving standard, without coding, and get the transparency you need.

IFRS 17 Demo

General accounting model, premium allocation, variable fee – prepare, normalize, and centralize contract data using the best approach for your organization. CCH Tagetik simplifies compliance with a solution that will evolve with standard.

  • Simplify compliance with an end-to-end solution
  • Single data repository for drill-down and analysis
  • Comprehensive reports and interactive dashboards
  • Automatic compliant journals and disclosures
  • Boost efficiency with workflow and audit trail
2-min-demo-ifrs-17
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Talanx AG

Hear how Talanx automated their consolidation process and intercompany reconciliations, delivering accurate data on time, meeting Solvency II, IFRS 17 and IFRS 9 requirements.

Talanx are active in more than 150 countries and have direct insurance and re-insurance companies within the group. They are the third-largest German insurance group in terms of premium income and one of the largest in Europe.

Tarsus
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CCH Tagetik's is trusted by insurance companies worldwide.
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