wtw - Financial Results Analyzer
Type of System
- Data management
- IFRS 17 solution
- Internal/external reporting
- Stress and scenario testing
- Financial forecasting and planning
Type of platform
Other features - does your offering facilitate
- IFRS 17
- Granular Accounting Framework; Secure SQL database, an IFRS 17 data schema and a flexible data model; Suite of Power BI reports – IFRS 17 Disclosures and granular analytics; Controlled and automated by standardised WTW Unify workflows.
What are the typical implementation costs?
This varies with the scope of the implementation and the complexity of the insurance operation. The solution is designed to work with the WTW IFRS 17 calculation engines and can also incorporate data from third-party sources, including non-IFRS 17 financial data. The implementation costs are therefore largely dependent on your desired end-to-end architecture and any customisation requirements.
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 and the current state of a clients’ IT systems. Where existing WTW IFRS 17 engines are implemented and the IT architecture is ready for immediate installation, then set up and testing can be complete in a matter of weeks.
Please name companies that use the system/solution
Financial Results Analyzer is a new product launched in Q1 2023. However, we have around 15 clients using it in a pre-product version, and many interested new users in our pipeline.
Financial Results Analyzer helps users achieve the new IFRS 17 accounting
standard in a transparent, controlled, and efficient way