IFRS 17 In a Box

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PwC’s IFRS 17 In A Box - Taking the headache out of implementation

PwC’s IFRS 17 In A Box is a highly pre-configured IFRS 17 software solution, designed and road-tested with businesses like yours in mind. In partnership with accounting and actuarial experts who are deeply knowledgeable about the new insurance reporting standard, IFRS 17 In A Box has been developed by our specialist financial services technology team utilising the same market leading technology that has already successfully delivered PwC IFRS 9 and 16 valuation and reporting software to the market. 

IFRS 17 In A Box is easy to implement, cost effective and robust. Available to run on the cloud or on-premise, IFRS 17 In A Box delivers instant capability to produce PAA, GMM and VFA results and has all the functionality needed to meet the needs of Property & Casualty and Life Insurers and Reinsurers alike. It’s built-in visualisation and reporting tools enable you to make quick sense of the numbers that populate your primary financial statements and all IFRS 17 required disclosures. In addition, it can be easily configured to provide a vast array of management information. Additional features include a PAA eligibility module, a highly flexible risk adjustment module capable of stochastic risk capital calculations, full archiving of model runs to aid auditability, a complete accounting subledger and embedded workflow management to control the process. A simulation mode allows users to test accounting policy choices and or alter variables and see the impact on your financials within minutes without cluttering up the technical sub-ledger and your general ledger. All you need to do is produce the right data from your core policy and claims administration and finance systems. Recognising this is not easy – PwC provides you with useful accelerators including a detailed data dictionary and a pre-defined IFRS 17 compliant chart of accounts and disclosure tables. PwC also offers fully flexible IFRS 17 implementation support across all elements of accounting, actuarial and technology to ensure a smooth end to end solution. 
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