{"id":12691,"date":"2022-04-27T13:28:27","date_gmt":"2022-04-27T11:28:27","guid":{"rendered":"https:\/\/www.m-q.ch\/?p=16282"},"modified":"2022-07-30T15:53:06","modified_gmt":"2022-07-30T13:53:06","slug":"kpmg-sas-und-allianz-lancieren-gemeinsame-ifrs-17-express-loesung","status":"publish","type":"post","link":"https:\/\/www.organisator.ch\/en\/operational-excellence\/2022-04-27\/kpmg-sas-und-allianz-lancieren-gemeinsame-ifrs-17-express-loesung\/","title":{"rendered":"KPMG, SAS and Allianz launch joint IFRS 17 Express solution"},"content":{"rendered":"
\"IFRS\"
As of Jan. 1, 2023, insurance companies will be required to prepare their financial statements in accordance with IFRS-17. (Image: Depositphotos.com)<\/figcaption><\/figure>\r\nInsurance companies must have implemented the International Financial Reporting Standard (IFRS 17) by January 1, 2023. A challenge for insurance companies that want to fulfill this obligation with in-house developments or purchased \"empty box\" solutions. KPMG and Allianz, together with SAS, a leading provider of analytics and AI, have now presented a solution that is designed to significantly accelerate the path to IFRS 17 compliance.\r\n\r\nAccording to a statement released by SAS, the solution combines KPMG IFRS 17 Express<\/a> \"KPMG's extensive experience on the topic with SAS' market-leading analytics technology and a methodology that Allianz has successfully tested globally.\" The solution, he said, builds on SAS for IFRS 17<\/a> and offers a cost-effective approach that is designed to significantly reduce the effort required for recalculations under IFRS 17 through preconfigured options for automation and integration, according to the statement. \"No one has to reinvent the wheel, let alone do duplicate work,\" said Christian Knoller, IFRS 17 project manager at Allianz. \"Insurers can rely on using predefined IFRS-17 methodology and technology here, mapping the expertise of three market leaders.\"\r\n\r\nA key focus of KPMG IFRS 17 Express is to facilitate collaboration between actuarial, risk management and finance functions. To this end, the following functions are implemented in the solution:\r\n