CCH Tagetik - Insurance Contracts: IFRS17

Reduce risk. Pre-packaged IFRS 17 compliance.

Clarivos is a Platinum Partner for CCH Tagetik

Overview

Simplify Insurance Compliance

Accelerate IFRS17 compliance with a solution that's equally as quick to implement. Building from CCH Tagetik's Solvency II experience, CCH Tagetik IFRS17 is a pre-configured starter kit that provides you with all the functionality to comply with IFRS17’s requirements– including general, premium allocation, and variable fee model – while seamlessly integrating with your existing actuarial, finance, and risk systems.

CCH Tagetik IFRS17 simplifies compliance with a powerful data engine and reporting hub. You get a data repository, calculation modelling, reporting and disclosures in one easy-to-use solution. Since CCH Tagetik built their 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.

CCH Tagetik Finance Transformation Platform

Key Capabilities

Choose your preferences. Capture your data. Get your results. CCH Tagetik Lease Accounting is a ready-to-use solution that supports all transition methods with pre-built functionality.

 

  • Simplify compliance with end-to-end solution
  • Asset level drill-down and analysis
  • Planning and what-if scenarios
  • Automates compliant journals and disclosures
  • Boost efficiency with workflow and audit trail

Key Reasons

3 reasons why CCH Tagetik Insurance Contracts: IFRS17 lets you focus on your Business:

  • Get compliant quickly - Quickly and accurately comply to IFRS17’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 analyse movements.
  • Insurance Contract Data repository - CCH Tagetik's solution plugs into your existing systems architecture – without disruption. CCH Tagetik seamlessly connects to actuarial, finance and risk systems and centralises all contract data in a single trusted source.  

Key Benefits

A simple, non-disruptive approach to IFRS17 compliance implemented by insurance experts. CCH Tagetik centralises 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
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Technology in Action

CCH Tagetik IFRS17 Insurance Contracts

Our Credentials

  • Strategic Partner since 2008 Tagetik launch in UK.
  • Certified Platinum status and Country Awards winner.
  • 12th Year  - Successful Delivery of CCH Tagetik Projects.
  • Over 150+ distinct projects across CCH Tagetik Consolidation and Budgeting/Planning Projects including first wave of IFRS16 and IFRS17 engagements.
  • Leading AIH practitioners.
  • Connected at every level in CCH Tagetik ecosystem. Strong relationship with Tagetik C-Level and Product Development.
  • Demonstrable Road-Map Influence.
  • Conduct Tagetik Prospect Workshops, Clinics and Customer Forums.
  • Package Development and IP.

Rapid Time to Value with INSIGHT Solutions

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