IFRS 17 Data Management and Reconciliations

The disclosure requirements under IFRS 17 Insurance Contracts state the need to disclose reconciliations of insurance and reinsurance contracts.

Reconciliations of data must be performed at the most granular level across insurance and reinsurance contracts. Gathering, disaggregating and managing this data can be incredibly challenging in large businesses and will take a considerable amount of time.

IFRS 17 Data Management and Reconciliations Solution

AutoRek is implemented within a wide variety of large insurance companies and is a key pillar in the implementation of the new IFRS 17 reporting requirements. Our data management platform automates data reconciliations supporting Finance, Actuarial, IT and Business functions providing confidence in the underlying data.

 

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