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Meet growing needs for innovative insurance solutions while increasing operational health and improving compliance.
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IFRS insurance contract consulting
Milliman has broad experience in actuarial modelling with most of the software solutions available on the market. We have bundled our worldwide modelling skills in order to provide solutions that match with the high demands of a fast periodical closing of the IFRS accounts. Items where we can help are:
The new standard for Insurance Contracts is an important driver of the way an insurer presents its balance sheet and income statement. At outset it is important to select the accounting methods that fit best with the company strategy. Also, the accounting and financial departments of the insurance entity should become acquainted and get comfortable with the actuarial techniques that form the basis of this new insurance accounting.
Important topics to consider are:
Whether you’re looking for a basic model or a full-service actuarial solution, there’s an Integrate solution for you.
Milliman Mind is a flexible and easy-to-use web-based platform which automatically converts Excel spreadsheets into more powerful models.
Monitor and assess IFRS 17 readiness and compliance, and plan remaining tasks effectively.
Ask the tough questions. We’re ready for them.