Simplify insurance compliance with CCH Tagetik IFRS 17 software solution
Accelerate IFRS 17 compliance with a solution that's equally as quick to implement. Building from our Solvency II experience, CCH Tagetik IFRS 17 is a pre-configured starter kit that provides you with all the functionality to comply with IFRS 17’s requirements – including general, premium allocation, and variable fee model – while seamlessly integrating with your existing actuarial, finance, and risk systems.
CCH Tagetik IFRS 17 simplifies compiance with a powerful data engine and reporting hub. You get a data repository, calculation modeling, reporting and disclosures in one easy-to-use solution. 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.
3 reasons why CCH Tagetik IFRS 17 let's you focus on your business
Get Compliant Quickly
Quickly and accurately comply to IFRS 17’s three approaches. Automate data collection, calculations, reports and disclosures and control the process by using our workflow and audit trail.
Fast, Accurate Calculations
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.
Insurance Contract Data Repository
Our solution plugs into your existing systems architecture – without disruption. CCH Tagetik seamlessly connects to actuarial, finance and risk systems and centralizes all contract data in a single trusted source.
IFRS 17 Demo
General accounting model, premium allocation, variable fee – prepare, normalize, and centralize contract data using the best approach for your organization. CCH Tagetik simplifies compliance with a solution that will evolve with standard.
- Simplify compliance with end-to-end solution
- Single data repository for drill-down and analysis
- Comprehensive reports and interactive dashboards
- Automatic compliant journals and disclosures
- Boost efficiency with workflow and audit trail
Key Benefits
A simple, non-disruptive approach to IFRS 17 compliance implemented by insurance experts. 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
Insurance Contracts: IFRS 17 Resources
A Transition Guide to IFRS17 with EY
The Ultimate IFRS 17 Software Checklist
Happy Customers
CCH Tagetik's Insurance Contracts: IFRS 17 is trusted by leading companies across all industries.
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As the winner of the Best Financial Management Solution in the 2018 SIIA Business Technology CODiE Awards, we are thrilled to accept this honor and continually receive recognition for our innovative solutions. This accolade reflects our deep commitment to developing solutions that deliver significant benefits to our customers by simplifying workflows, increasing productivity and saving valuable time.
Karen Abramson
CEO at Wolters Kluwer Tax & Accounting
CCH Tagetik for IFRS 17 is a relatively simple and small solution, whereas other providers designed larger and full-scale solutions. In our current finance risk architecture, we believe that adding another heavy system would not be a smart thing to do. Our confidence in CCH Tagetik and the simplicity of the solution drove the decision to implement CCH Tagetik for IFRS 17.
Patrick Klijnsmit
Director of Finance, Risk and Performance Management at a.s.r
First, the standard is still evolving. We wanted a solution that was configurable, relatively easy to use and flexible. Second, we wanted a product-focused company with knowledge of the insurance industry, which CCH Tagetik has because of their experience with Solvency II. Finally, we were impressed by the level of commitment demonstrated by the team.