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
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.
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.
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.
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.
Our IFRS 17 Starter-package contains data definitions, calculation models, and process controls to start from our best-practices for the implementation of IFRS 17. With our expertise we support a smooth transition from planning to implementation.