Insurance firm Willis Towers Watson has launched new software to simplify the International Financial Reporting Standard (IFRS) 17. ResQ Financial Reporter is designed to help insurers meet accounting requirements and implement the new regulation.
It enables users to save time by easily creating a framework that generates financial statements and supporting disclosure requirements.
“ResQ Financial Reporter will enable users to move through a flexible, intuitive and well-governed audited process that supports the analysis, review, reporting, validation and sensitivity testing required to deliver IFRS 17 financial statements in a timely, cost-efficient manner,” said Tina Gwilliam, global product leader for ResQ at Willis Towers Watson. “The software essentially takes the complexity out of IFRS 17, so insurers can focus on the core activities that matter most to their business.”
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