Ensure IFRS 17 compliance
IFRS 17 is an International Financial Reporting Standard that was issued by the International Accounting Standards Board in May 2017. It will replace IFRS 4 on accounting for insurance contracts and has an effective date of 1 January 2023.
The processes required to create and consolidate these IFRS-17 reports are very complex, specific to the organization, and are subject to change. With Appian, insurers will have the flexibility to coordinate, manage, and control these processes.