IFRS standards provide a common accounting language so statements are comparable across companies and countries. IFRS 4 left too much room for inconsistency, making it hard to compare insurers to each other and to other industries. IFRS 17 fixes this by giving users a clearer view of how insurance contracts affect financial position, performance, and cash flows.
Read moreIFRS 17 affects balance sheet, income statement, changes in equity, cash flow statement and explanatory notes. Read more about what changes per statement and why it matters.
Read moreUnder IFRS 4, profitability comparisons were blurred by legacy parameters and by recognising profit before coverage is delivered. IFRS 17 introduces consistent measurement and makes true profit drivers visible.
Read moreWe help banks and insurers translate complex regulatory frameworks — IFRS 17, IFRS 9, Solvency II and ESG — into clear data models, reporting chains and actionable dashboards. With over 10 years of experience across Finance and IT, we bridge the gap between strategy and implementation.
Implemented a new IFRS and Solvency II reporting chain including controls and dashboards.
Adjusted MRAP, Solvency II and SOx controls to comply with new regulations; supported multiple reporting periods.
Supported integration of data streams between ASR and Aegon.
Years of insurance reporting experience: accounting policies, bookkeeping and IFRS 17 reporting.
Certified in analysis frameworks (e.g., BABOK / BCS). We translate IFRS into clear requirements and data elements.
Data warehousing and engineering expertise to design pragmatic, robust implementation strategies.