×
Please select your Country

Insurance Contracts - IFRS17


With the new IFRS 17 for insurance contracts, insurers will have to significantly change the accounting for liability measurement and profit recognition. CCH Tagetik provides an IFRS reporting hub including data repository, calculation modeling, reporting and disclosures in one easy-to-use solution.


With CCH Tagetik for IFRS 17 you can focus on your business with confidence that you’re in compliance with regulatory standards. CCH Tagetik for IFRS 17 provides data collection, calculations, postings, reporting and disclosures of insurance contracts.


Watch the demo 


APP DEVELOPED BY

Benefits


Easy to Use

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

Fast Set-up

Pre-configured solution gets you compliant quickly with a lower total cost of ownership (TCO).

Reduce Risk

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

APP CAPABILITIES INCLUDE

Powerful IFRS17 Engine
×

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.

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.

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.

  • CCH Tagetik can fit in your existing environment

  • Ability to load & transform data from various sources

  • Contractual Service Margin (CSM) at Unit of Account level

OTHER INFORMATION

Languages: English

Targeted Job Function: Finance, Accounting

Industry: Insurance

What our partner have to say about this App

"Moving to a forward looking approach, increasing transparency and improving disclosures requires a solution that will integrate quickly and easily while remaining flexible for future changes and be compliant at the same time."

Marco Van der Kooij - General Manager, CCH Tagetik Benelux & Nordic

ABOUT CCH Tagetik

CCH Tagetik understand the complex challenges that face the Office of the CFO and translate that knowledge into intuitive, enterprise-scale performance management software solutions that drive business results. With CCH® Tagetik software, you get the simplicity of the Cloud and the power to unify financial and operational planning; shorten the consolidation and close process; immediately analyze results, model and compare full financial statement impact of business scenarios; adjust strategic plans; seamlessly update rolling forecasts; produce formatted and auditable financial statements and management reports; collaborate on business reviews, and automate disclosure and board reporting.

VISIT CCH Tagetik WEBSITE

Form

Yes, I’d like to know more about this application


For more information, please complete the below form and a member of our team will reach out to you shortly!