FIS and Deloitte form global strategic alliance to help insurers implement IFRS 17

IFRS 17 will have a significant impact on insurers, demanding closer collaboration between their actuarial and finance functions. With their combined expertise, Deloitte and FIS will work together to help insurers tackle the standard’s operational complexities.

FIS has specially updated its award-winning Prophet risk management solution suite to provide a strong foundation for compliance with IFRS 17. It will continue to extend the solution as the standard evolves and will provide templates that can be tailored to client requirements during implementation.

With a long pedigree in implementing financial transformations and managing regulatory change, leading professional services firm Deloitte will bring a wealth of accounting and actuarial methodology excellence and experience to clients as they plan to implement IFRS 17. FIS will look to Deloitte’s expertise in the accounting domain to both strengthen its solutions and support implementation projects.

Together, FIS and Deloitte are set to help clients not only achieve compliance, but to bridge the gap between actuaries and accountants. Let Deloitte and FIS help you see through the regulations to the real business benefits beyond.