WTW's IFRS 17 enterprise solution wins InsuranceERM's regulatory reporting software of the year award for enabling P&C, life and composite insurers to achieve the new accounting standard in a streamlined, cost effective and efficient way.

The software's modular design and implementation approach gives users the flexibility to integrate and customise their experience. An artificial intelligence powered 'out-of-the-box' design also provides experts with a fully automated end-to-end solution for a complete IFRS reporting workflow.

WTW Unify underpins WTW's enterprise solution technical architecture and reporting workflow and this help clients by getting the numbers out how and when they are needed. It also allows for a fully governed environment with comprehensive audit trails.

A noteworthy achievement in the eyes of the judges is that WTW has secured strong demand for its IFRS 17 enterprise solution in delayed IFRS 17 reporting countries like India, where the firm has onboarded 10 of the top 15 private life insurers in India, as well as the country's top three private general insurers.

This has led WTW's regulatory reporting software to become the market-leading IFRS 17 solution in the Indian sub-continent, with the firm's worldwide client-base exceeding 90 insurers.