In oceangoing vessels, a lifeboat is a small version of a ship that has the same capabilities as a ship but on a limited scale. Similarly in our industry, an IFRS 17 Lifeboat enables you to implement and operate your model against real data on a smaller scale, to validate your strategy and your IFRS 17 project plan
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.
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.