IFRS 17: the insurance contracts standard

Ultimately IFRS 17 is about what story you want to tell about your company… and if you really grab the opportunities that implementing the standard presents, imagine the sort of business you could be running in 2021.

IFRS 17: a blessing in disguise

By seizing the opportunity of IFRS 17 to transform your core finance and actuarial platforms, smart movers will have a more agile business, reducing running costs in the long term.

We will help you design the best systems and processes to produce IFRS 17 financials - enabling a smooth transition into business as usual and telling your company’s unique story.

Watch our video to find out how IFRS 17 could be a catalyst for radical transformation and help you be the disruptors of the future.

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IFRS 17 framework

Work out what the operational, financial, reporting, tax and technical impacts of IFRS 17 for your insurance business. Develop a roadmap towards implementation with the associated costs.

Develop a blueprint for your organisation that translates your vision, principles and requirements into an early-stage design. Read more about our three simple ideas that can take the panic out of your preparations for IFRS 17 here.

Design and implement your target operating model and the end to end process, controls and dependencies. Establish your information model and a robust data framework for transition and the ongoing management of the new standard. Implement technology solutions or required changes in your finance and actuarial systems.

Redesign KPIs, external and internal reporting in conjunction with Investor Relations, FP&A and business owners.

Manage the process of creating your opening balance sheet under IFRS 17.

Contact us

Alex Bertolotti
Global and UK IFRS 17 Lead, PwC United Kingdom
Tel: +44 (0)7525 298 694
Email

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