wtw - ResQ Financial Reporter
Type of System
- Data management
- IFRS 17 solution
- Internal/external reporting
- Reserving solution
- Stress and scenario testing
Type of platform
Other features - does your offering facilitate
- IFRS 17
- Allocation module; IFRS 17 cashflow generation; GMM and PAA measurement models
What are the typical implementation costs?
This varies with the scope of the implementation and the complexity of the insurance operation. The out-of-the-box functionality and flexible modelling options limit the need for time-consuming development of bespoke components and dramatically reduce implementation times and costs.
How long does your software take to implement on site?
As for the implementation costs, this depends on the size and complexity of the insurance operation as well as the availability and accuracy of data and assumption inputs. We have run successful proofs of concepts from data specification, processing of inputs, model selection, calculation, and production of accounting postings in weeks. Total implementation times, across the whole business with complete systems integration, testing, and controls are possible in 3 to 6 months and potentially faster.
Please name companies that use the system/solution
ResQ Financial Reporter is part of our ResQ reserving suite used by over 450 companies worldwide.
ResQ Financial Reporter takes the complexity out IFRS 17, so you can focus on the core activities that matter most to your business