IFRS 17 is a challenging, complex standard, and for many Insurers, reaching compliance by the January 1, 2023 deadline was a race. Now many Insurers who opted for a more tactical solution are revisiting their finance architectures and looking to plug gaps left by compliance-only solutions.
In this recent eBook from our insurance experts with comments from EY Partner, Brendan Counsell, we cover:
- Typical gaps in tactical IFRS 17 solution approaches
- Ways to address IFRS 17 gaps in existing systems
- Tactics to address additional finance data and automation priorities alongside compliance efforts
Please complete the form to access the eBook now.
“Financial reporting timelines for my insurance clients have consistently become shorter and more demanding over the last ten years. IFRS 17 throws a real spanner in the works as it represents a several-fold increase in complexity and the level of analysis required by financial reporting teams in the same tight reporting deadlines.”
-Brendan Counsel, Partner, EY