In this podcast, EY’s Chris Marsh and John Morley discuss a data analytics tool that allows insurers to transform data in a systematic way for IFRS 17 reporting.
In the last few years, there has been significant regulatory change for insurers, in particular IFRS 17, and insurers are required to disclose more information to comply with major new requirements.
As a result, the volume of data being processed will increase, and the data used will be drawn from many sources and will need to be more granular.
It’s clear that insurers will need to transform the way they store, analyze and report their data in order to extract insights and run their business effectively. The EY Intelligent Metrics Navigator (IMN) tool is a data analytics solution that allows insurers to transform data in a systematic way so that it can be visualized.
John Morley and Chris Marsh discuss the benefits of the IMN tool for insurers, and a success the EY teams have had in helping implementing the tool with a global insurance group.
Learn about IFRS 17 data analytics tools for reporting and how this can help insurers.
Duration 11m 07s