Simplify Insurance Compliance
Are you IFRS17 compliant?
IFRS17 Insurance Contracts Software
CCH Tagetik’s IFRS17 solution is a pre-configured starter kit that provides you with all the functionality to comply with IFRS17 requirements – including general, premium allocation and variable fee model. Our solution helps you prepare, normalize and centralize contract data using the best approach for your organization.
CCH Tagetik’s IFRS17 solution seamlessly integrates with your existing actuarial, finance and risk systems and centralizes all contract data in a single trusted source.
Quickly calculate present value of future cash flows, contractual service margin (CSM), liability for remaining coverage (LRC) and incurred claims (LIC), perform onerous contract test and analyze movements.
The solution simplifies compliance with a powerful data engine and reporting hub. It includes a data repository, calculation modelling, reporting and disclosures and controls the process using workflow and audit trails. Since we built our solution for finance, you can easily adapt to the evolving standard as it changes, without coding. Get the transparency you need and make complex compliance easy with CCH Tagetik.
Key Benefits
CCH Tagetik centralizes contractual data by seamlessly integrating to any source including general ledgers and actuarial systems.
- Comply quickly with pre-packaged solution
- Flexible solution adaptable to standards
- Reduce IT needs with a finance-owned solution
- End-to-end integrated process mitigates risk
- Align all stakeholders with trusted reports