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Solution

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.

How we can help​

WTW is uniquely placed to help both life and property & 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 IFRS 17 consultancy support

We are totally immersed in the key technical financial issues of IFRS 17, such as the complexities of the contractual service margin, to help you identify gaps in your ability to respond, be they related to data, systems, processes or people. As insurance specialists, we’ll also help you understand the wider business impacts and implications — and help you to manage these to continue to present your business in the best light possible.​

What sets us apart from most other IFRS 17 consultants is our commitment to see things through. Our real strength lies in practical, hands-on implementation, working side-by-side with you to turn strategy into action to deliver the results you need.​

Our state-of-the-art technology solutions, developed specifically for the insurance sector, play a big part in that.

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 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.​

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.

Featured insight

IFRS 17 reporting is here: WTW disclosure analysis

Despite insurers spending $20bn to implement IFRS 17, comparing results remains complex and it has delayed publication. We believe well-targeted operational improvements can lead to future benefits.​