Willis Towers Watson - ResQ Financial Reporter
Type of System
- Stress testing
- Data management
- Internal/external reporting
- Reserving solution
Type of platform
- Cloud
- Desktop-based
- Server-based
- SaaS
Other features - the offering facilitates:
IFRS 17
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. We have run successful proofs of concepts from data specification, processing of inputs, model selection, calculation and production of accounting postings in a matter of weeks. Full implementation times, across the whole business with full systems integration, testing and controls is possible in 3 to 6 months.
Please name companies that use the system/solution
ResQ Financial Reporter is part of our ResQ reserving suite that is used by over 350 companies worldwide.
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Designed to simplify and ease the implementation of IFRS 17, ResQ Financial reporter builds on our leading reserving tool, ResQ and brings flexible out-ot-the-box functionality to support get IFRS 17 done.
