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Rajesh Patil

Finance and Accounting Delivery Lead, TCS BFS

IFRS 17 Implementation

A Solution Approach for Insurers

IFRS 17 for insurance contracts takes effect from January 1, 2021. But, are insurers well equipped to understand the implementation challenges and develop a project plan?

  • Adopt agile implementation methodology for enhanced flexibility between cross-functional teams.
  • Ensure timely compliance driven by analytics and a strong database to gain first mover’s advantage.