IFRS 17 is bringing about a massive transformation in financial data management for many in the insurance industry. The new global standard for insurance financial reporting, IFRS 17 is causing companies to change the very foundations of data management, including how data is collected, aggregated, analyzed and reported.
While IFRS 17 places new reporting requirements on insurers, in reality compliance with the new standard will impact insurer data management at many different levels. That’s one of the insights shared in a new article published by our partner Synpulse written by Systemorph’s Dr. Daniel Trzesniak and Synpulse’s Daniel Diederichs.
Data management in financial services companies is undergoing a revolution, thanks to modern cloud technologies and software design. These types of innovations will be highlighted as Systemorph joins other industry leaders at the Microsoft Innovation Summit for Financial Services 2019 in Frankfurt later this month.
The time for implementing IFRS 17 is running out, while the challenges in building reporting processes that support internal steering are significant. That’s the most significant finding of our recent roundtable on IFRS 17 implementation hosted at Microsoft Switzerland.
Dr. Daniel Trzesniak, our Head of Product Strategy and IFRS 17 Initiative Lead, presented his experience in IFRS 17 and data management projects and provided a demo of our solution.
Key players in the insurance and reinsurance markets gathered to share their experiences on developing appropriate controls, models and systems according to IFRS 17, the new international standard for insurance industry reporting.
At Systemorph, we’re pleased to bring together insurance industry and technology leaders – including Zurich, Baloise, Microsoft and Synpulse – to explore the data management challenges and solutions for complying with the new IFRS 17 reporting requirements.
Achieving that is the focus of our partner Synpulse’s webinar next week on IFRS 17 compliance. The webinar on April 8 will explore the lessons learned in IFRS 17 compliance projects and will include a discussion of best practices, practical advice and a live demo of the Systemorph IFRS 17 Solution.
On March 11-13 in London, our CEO and founder Dr. Roland Bürgi and Zurich’s Group Chief Actuary Brian Bissett will deliver a keynote presentation at the Marcus Evans conference. The discussion will cover the impact on core insurance, investment, actuarial and reporting systems, and will describe changes, flexibility requirements and new features for IFRS 17.
Data management for the insurance industry is going through a revolution, and Systemorph’s unique solutions are leading the way. That’s the focus of a video interview with Systemorph CEO and Founder Dr. Roland Bürgi and Head of Marketing Dr. Daniel Trzesniak, published by Business Reporter, an award-winning UK-based business publication.