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IFRS 17 Solutions

We help insurers turn IFRS 17 complexity into clarity by combining deep expertise and modular technology to deliver faster, compliant and transparent reporting.

Insurance system and process evolution has often taken place in a piecemeal fashion, in isolation from other business considerations. IFRS 17 provides a catalyst to take a step back, and to review the people, processes and technologies that will be needed not only to deliver a successful IFRS 17 implementation, but to position the business for the future.

How we can help

WTW is uniquely placed to help both Life and property and casualty (P&C) insurers interpret and implement the new accounting standard. We combine specialist knowledge, with unique technology tools and unrivalled depth of capabilities to deliver a range of IFRS services.

Our technology solutions

We’ve created a suite of IFRS 17 technology solutions based on our proven software products to meet the market’s diverse needs.

They share a modular approach, so you can take what you need and tailor a solution to your situation and integrate it with existing models and processes.

  1. 01

    IFRS 17 enterprise solution

    The enterprise solution uses high levels of automation, in a governed and auditable WTW Unify workflow environment, to receive source information and deliver the key IFRS 17 numbers. A modular, building-block approach gives the flexibility to integrate with the systems you already have, including downstream accounting systems.

    Download
    TitleFile TypeFile Size
    IFRS 17: An enterprise solution that delivers more than just the numbers PDF1.1 MB

  1. 01

    IFRS 17 Enterprise Solution

    The enterprise solution uses high levels of automation, in a governed and auditable WTW Unify workflow environment, to receive source information and deliver the key IFRS 17 numbers. A modular, building block approach gives the flexibility to integrate with the systems you already have, including downstream accounting systems.

Download
TitleFile TypeFile Size
IFRS 17: An enterprise solution that delivers more than just the numbers PDF1.1 MB

  1. 02

    ResQ Financial Reporter

    ResQ Financial Reporter is a calculation and data management tool that enables P&C insurers to carry out the measurement and reporting of insurance contracts under IFRS 17 by applying either the general measurement model (building block approach), or the simplified model (premium allocation approach).

Download
Title File Type File Size
ResQ Financial Reporter: Delivering IFRS 17 efficiency for P&C insurers PDF 3.2 MB
ResQ Financial Reporter

ResQ Financial Reporter takes the complexity out of IFRS 17 for P&C and composite insurers, saving you time and effort in your end-to-end IFRS 17 reporting processes.

  1. 03

    RiskAgility FM IFRS 17 Calculation Engine

    The RiskAgility FM IFRS 17 Calculation Engine, which also forms part of the Enterprise Solution, is a calculation solution that enables the seamless estimation of the insurance contract liabilities under IFRS 17. It applies either the building bock approach (BBA), the variable fee approach (VFA), or the premium allocation approach (PAA) on standardized actuarial and actual input cashflows, and IFRS 17 assumptions.

Download
Title File Type File Size
RiskAgility FM IFRS 17 Calculation Engine PDF 8.8 MB
RiskAgility FM IFRS 17 Calculation Engine

RiskAgility FM IFRS 17 Calculation Engine supports the analysis, review, reporting, validation and sensitivity testing required to deliver and sign off the IFRS 17 financial statements for life insurers.

  1. 04

    Financial Results Analyzer

    Financial Results Analyzer is an automated Enterprise Reporting Solution that supports and connects your actuarial and accounting teams. It provides fast and intuitive insights for users reporting under the IFRS 9 & 17 accounting standards — in a transparent, controlled, and efficient way.

Download

TitleFile TypeFile Size
Financial results analyzerPDF.3 MB
Financial Results Analyzer

Financial Results Analyzer is an automated Enterprise Reporting Solution that supports and connects your actuarial and accounting teams.

Related products

SoftwareUnify
UnifyUnify is an enterprise-wide platform for systems integration, automation, and governance, purpose-built to streamline operations and drive success in the insurance industry.Product Information
SoftwareResQ Financial Reporter
ResQ Financial ReporterResQ Financial Reporter takes the complexity out of IFRS 17 for P&C and composite insurers, saving you time and effort in your end-to-end IFRS 17 reporting processes. And by freeing up valuable time and resources, it allows you to focus on the core activities that matter most to your business.Product Information
SoftwareRiskAgility® Financial Modeller (FM)
RiskAgility® Financial Modeller (FM)RiskAgility FM is a fast, flexible, actuarial software solution that enables life and health insurers and pension companies to run financial models that accurately reflect their products and company, and to run them in ways that are easily adapted to their business processes and regulatory reporting needs.Product Information
SoftwareDataValidator
DataValidatorFlexible and user-friendly, DataValidator is a software solution that validates, cleanses and transforms data efficiently, preparing it for use in financial modeling and reporting processes. At each stage it generates detailed audit reports maintaining governance controls that support regulatory requirements.Product Information
SoftwareResQ
ResQResQ, our award-winning reserving software, uniquely combines powerful modelling and advanced reserving methods with flexible data management to create a complete reserving solution.Product Information

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