Best-practices and framework for reporting under IFRS 17

International Financial Reporting Standard (IFRS) 17 solutions

Get ready for IFRS 17

Our IFRS 17 solutions support insurers in the implementation of the IFRS 17 requirements. The Enterprise-software, data definitions, models, reports and process controls help to gain time in the implementation. Insurers benefit from our best-practices and innovative solutions which compliment existing IT infrastructure. With the flexible modular framework developed by SecondFloor insurers establish end-to-end reporting processes and inter-operability between systems.

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Benefit from our best practices

Reference architecture

During the IFRS 17 impact analysis you have learned the gap's in your processes and systems. From our best-practices we will advice you a solution that meets your business objectives and resolves these gap's by implementing a framework on top of your exising IT infrastructure.

Process automation

Controlled and repeatable reporting processes are essential for timely disclosure of well-governed reports under the IFRS 17 regime. We developed best-practices for process automation that combine effective controls with the required flexibility.

Disclosure

With IFRS 17 new reporting requirements are introduced for public disclosure (specifically IFRS 17 93-132). Our solutions support you in managing accounting data, actuarial/risk data, and the narratives to produce any report in your house-style.

Data lineage

As you know data lineage is a pre-condition for the approval of reports. With a holistic approach we bring together data, calculations, reports, governance and a detailed audit trail that covers your complete reporting process.