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Insurance Contracts: IFRS 17

IFRS 17 Software Solutions

IFRS 17 Insurance Contracts changes how insurers manage operational costs, KPIs & forecasts, requiring an overhaul of financial management processes, applications & operating models.

CCH Tagetik IFRS 17 software automates compliance with the expanding requirements (eg. Solvency II) and lets you focus on your core business. 

Stay compliant with IFRS 17 adopting our cloud or on premise IFRS 17 solution for regulatory reporting.

Watch 2-min demo    Download Brochure

IFRS 17 Awards

Our newest solution, CCH Tagetik for IFRS 17 recently received the following awards. Why did we win? For our solution’s ability to help insurers manage measurement models, perform data repositioning, and access a robust suite of reporting and disclosure tools.


ifrs 17 key capabilities include


Powerful IFRS 17 Engine

The solution starts you on the way to compliance by following the new models for insurance contract accounting. CCH Tagetik calculates liabilities for remaining coverage (LRC), liabilities for incurred claims (LIC) and contractual service margin (CSM). CCH Tagetik discounts future cash flows, calculates risk adjustment and CSM at initial recognition and in subsequent measurements. Calculations are performed at a portfolio, subportfolio or the proper aggregation level in order to determine CSM and perform onerous contract test.


A Pre-Built Solution

Out of the box, users get a data model that’s IFRS 17 compliant. The kit includes a specific IFRS 17 chart of accounts and a custom data model to calculate each single elementary amount. CCH Tagetik provides modelling tools to integrate data model and calculations to meet your custom needs. Configure simply with a Finance-friendly interface, no IT intervention needed.


Integrated solution

Without disrupting your existing architecture, CCH Tagetik's IFRS solutions integrate with all systems, including CCH Tagetik CPM and non-CCH Tagetik applications. Whether you choose to deploy on-premises or on the cloud, ETL capabilities seamlessly integrate with any source system for seamless data imports and exports.


Insurance Contract Data Mart

To meet IFRS 17's requirements, CCH Tagetik has a data repository for insurance contracts. Use a single version of insurance contract data to calculate future cash flows, create reports and disclosures. Easily  visualize, analyze and drill deeper into data with CCH Tagetik's integration with Qlik Sense and Microsoft BI solutions.


Modelling and Calculation Engine

With CCH Tagetik’s calculation engine and the power of analytics, you can process and calculate large volumes of data quickly. Flexible modelling allows you to easily configure calculation logic and rules to stay compliant.


Disclosure and Reporting

A single version of data makes it easy to analyze, drill down to details, and report while adhering to IFRS 17 disclosure requirements. With our additional Collaborative Office solution, you can easily create a MS Word financial statement, a pdf board book, a PowerPoint presentation or a submission to regulators; have complete confidence that numbers and narrative are accurate and auditable.

RED ALERt - IFRS 17 is around the corner!

On January 1, 2022, IFRS 17 Insurance Contracts comes into effect for all insurers using IFRS Standards. This eBook goes through all you need to know to be ready. Don't miss it!

Read our eBook


Workflow and Collaboration

Finance, sales, and operations are better aligned using CCH Tagetik’s preconfigured workflow and communication tools that unify the entire cycle and keep contributors on track and reports on time.

Finance Powered

Even with multiple diverse data sources, granular data, and complex calculations, Finance owns and manages the entire process from start to finish.

Audit Trail

Users can see who, when, and where data came from, it’s entire lifecycle, down to the metadata.  With CCH Tagetik, you get a detailed audit trail for full transparency.

Easy to Use

Intuitive user experience, pre-configured calculations and templates make IFRS 17 compliance as simple as possible for everyone involved.

Reuse Valuable Data

Reuse the same data across multiple internal and external reporting requirements.  Upload data with adjustments back to source systems for consistent data across systems.

Reduce Risk

Reduce risk of errors, inconsistencies or omissions by using packaged templates and disclosure reporting intelligence.

Part of Unified CPM

No single regulatory report is an island, it’s the outcome of your entire financial management processes and reporting systems. CCH Tagetik is the only unified CPM solution to drive numbers accurately and efficiently into regulatory reports. 

Cloud without Compromise

On Cloud. On Premise. One Solution.  Whether you choose cloud or on-premise, it’s the same solution that’s owned and operated by finance.

CCH Tagetik's ifrs Software is trusted by leading companies across several industries

Laing O'Rourke

IFRS Reporting, Consolidation, Tax Reporting, Monthly Reporting

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IFRS Consolidation, Solvency II, MVBS, BPF, IVASS

Watch the video

Greiner Holding

IFRS Consolidation, Budget & Planning of the Group, Cash Flow


IFRS Consolidation, Consolidation, CDM, Solvency II, IVASS Reporting


IFRS Reporting, Monthly Management Consolidation, Statutory Consolidation, Monthly Closing, CDM


IFRS Reporting, Consolidation, Cash Flow Planning, Budgeting, Monthly Closing

Read the case study

On Demand Webinar


On January 1st, 2022, IFRS17 “Insurance Contracts” will impose more changes on the insurance sector than we’ve seen in the last 20 years. Impacts of the regulation will reverberate from your consolidation process to your general ledger, down to the very architecture of your financial systems. From this webinar you will learn how to face IFRS17 challenge.

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