interpreting the requirements of the standard into actual operationalized procedures is a much more complex exercise..Read More
Post Tagged with: "transformation within the insurance industry"
Compliance can’t be achieved without substantial alignment of supporting IT systems..Read More
For most short-term business, the premium allocation approach (PAA) can be used and it generally gives bottom- line results similar to current practice.Read More
By now, most insurers have established an IFRS 17 implementation plan and are working on the design of their solution.Read More
Model changes sometimes sound simpler than they really are. One constant in our IFRS 17 projects is that change ends up being more complex and require more resources than anticipated.Read More
When many insurers think of implementing IFRS 17, they may not recognize there other standards that may also need to be applied—including IFRS 9..Read More