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IFRS 17 Imple­ment­a­tion

Imple­ment­a­tion of the new account­ing stand­ard IFRS 17 on a divi­sional basis,  includ­ing detailed analysis of the stand­ard, trans­la­tion of its provi­sions into action­able require­ments, suppor­ted by account­ing engine test­ing—all executed within an agile project-manage­ment envir­on­ment.

Key Deliv­er­ables

  • IFRS 17 impact assess­ment

  • IFRS 17 processes design

  • Tool eval­u­ation

  • Tool config­ur­a­tion and imple­ment­a­tion

  • User train­ing

Roles Covered

  • Busi­ness Analyst

  • Tech­nical Busi­ness Analyst

  • PMO

>50 Stake­hold­ers

  • Under­writ­ing

  • Actu­ar­ial

  • Finance

  • Risk Manage­ment

  • Account­ing

  • Oper­a­tions

  • IT

  • Rein­sur­ance

Key Bene­fits

Regu­lat­or­ische
Compli­ance

3 FTE Team

Consult­ant, Senior Consult­ant & Manager

9

legal entit­ies

Imple­ment­a­tion support for all legal entit­ies of the divi­sion P&C

Key Activ­it­ies

2018 - 2020
Project dura­tion: 2.5 years

Business Requirements Documentation

Trans­la­tion of IFRS 17 stand­ard into busi­ness require­ments and estab­lish­ment of IFRS 17-relev­ant busi­ness processes

Tool Assessment

Prepar­a­tion and execu­tion of a vendor PoC, by design­ing and prior­it­iz­ing relev­ant use cases, as well as assess­ing the PoC outcome

Impact Assessment

IFRS 17 impact analysis on in-scope legal entit­ies by conduct­ing finan­cial model­ling, stake­hold­ers inter­views and policy reviews

Tool Configuration Support & Testing

Support IT in devel­op­ing third-party solu­tion by writing test cases, conduct­ing testing, and provid­ing train­ing to IT developers