On July 8, 2020, Systemorph AG conducted its first virtual roundtable for IFRS 17. Carriers, partners, advisory companies and software providers held a lively discussion about challenges, experiences and learnings from an implementation perspective.
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
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.
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.