Now that most insurers have their IFRS 17 implementation programs in place, a key consideration will be how to best design and implement a cost effective but robust IFRS 17 solution.
In this podcast, EY’s Martyn van Wensveen and Janine Donelly discuss IFRS 17 vendor solutions and assessments.
Should insurers appoint a vendor, or build in-house?
Now that most insurers have their implementation programs in place, the next thing to think about is how best to design and implement a robust solution for IFRS 17. Insurers frequently ask whether they should appoint a vendor to support IFRS 17, or whether it would be most cost effective to build in-house.
There are pros and cons to both approaches, and the decision on which route to take will depend on a range of considerations specific to the insurer. In this podcast, Martyn van Wensveen and Janine Donelly explore the strengths, weaknesses and functionalities of IFRS 17 solutions, and what insurers should be looking for when conducting a current-state assessment.
Learn about IFRS 17 vendor solutions and how this affects insurers.
Duration 19m 01s