Insurers: Are You Ready For Ifrs 17?

This white paper discusses the impact of IFRS 17 on the insurance industry, focusing on the challenges and required actions to meet the compliance deadline of January 2022. The paper identifies key obstacles in the transition, such as disparate systems, functional silos, and limited solution functionality, which could impede insurers’ ability to meet the new regulatory standards. It highlights the importance of adopting an integrated platform that ensures consistent data, high-performance processing, and advanced reporting capabilities. Insurers are advised to take a holistic, modular approach, starting preparations well in advance to manage the increased complexity of accounting under IFRS 17. The paper emphasizes that early action will not only streamline the compliance process but also improve operational efficiency and drive broader business transformation.

Start your transition to IFRS 17 today and ensure your systems are future-proof by downloading the full white paper.