Depending on an insurer’s ultimate financial reporting operating model goals various solution options could be utilised to address IFRS 17 compliance requirements. Many insurers are considering developing an actuarial & accounting control tower from which to calculate, analyse, control and ultimately develop insights into the financial performance of the insurer from a statutory reporting perspective. We are seeing the need for such a function to comprise a team of both actuaries, accountants and reporting data and systems experts working together in sync to ensure compliance and on-time delivery.
Valerie du Preez, Dupro (FIA) Advisory
Michael Jordan (FASSA/CERA), Dupro Advisory
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