“We are delighted to be ranked a category leader by Chartis in its IFRS 17 Quadrant,” said Martin Boyd, head of Institutional and Wholesale, FIS Global Financial Services. “This is testament to the strategic journey we started five years ago to help the insurance industry implement the new accounting standard in good time. By developing a single end-to-end platform for IFRS 17, we’ve enabled insurers around the world to map a fast, effective route to compliance that minimizes their costs.”
A leader in insurance reporting and compliance solutions, FIS is working with a large number of insurers and other firms around the world to help them implement the new IFRS 17 standard in advance of the 2022 deadline.
“As the effective date for IFRS 17 implementation draws closer, we’re experiencing an acceleration in activity,” says Rob Stubbs, Head of Research at Chartis Research. “Firms like FIS are helping insurers modernize their data management, systems and processes in order to be able to meet the IFRS 17 requirements and improve operational efficiency.”