IFRS 17
Solution
Operationalise your end-to-end IFRS 17 reporting and address the new and ongoing compliance requirements for insurers’ finance and actuarial teams.
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Regulatory Reporting
Solution
Revolutionise your financial compliance reporting and shape the foundation for insurance and accounting processes modernization.
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IFRS 9
Solution
Support the implementation of Expected Credit Loss calculations with TruAct’s in-built models and methods and pave the way for IFRS 17 compliance.
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IFRS 16
Solution
Address IFRS 16 compliance through improved transparency as you easily manage lease contracts and avoid unnecessary pitfalls.
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Modernize your Insurance Reporting with TruAct
Transform actuarial and accounting data to successfully address financial reporting and compliance needs. TruAct is a one-stop solution that delivers substantial changes to determine the profitability of insurance contracts by empowering actuaries, finance professionals and risk managers with precise comparisons of actual and expected cash flows. TruAct increases consistency, comparability, and transparency in financial reporting across the insurance industry to positively impact business, operations, systems and the organisation.
- International best practices incorporated.
- Parallel reporting to determine changes in IFRS 4 to IFRS 17.
- Choice between cloud-based and on-premise implementation.
- Modular architecture ensures minimal change to existing systems.
Why TruAct is best for your business?
As an independent company focused only on IFRS solutions, TruAct brings a radical shift from current accounting and reporting standards and gives stakeholders a realistic view of the insurer’s profitability, financial status and risk exposure. With TruAct solutions we align actuarial and accounting modelling, while consolidating, validating and reconciling input data from across several potent source systems, into a unified platform for determining the contract profitability.
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Enterprise Integration
A future-ready comprehensive solution that can be seamlessly integrated with any legacy or existing system
Data quality and aggregation
Input data is validated, and contracts are aggregated into portfolios based on multiple parameters
Yield adjustment
Determine a risk-free yield curve without the requirement to reconcile rates
Are You Ready to Get Started Now?
TruAct seamlessly allows you to transition to the new IFRS 17 standards while also providing you with a powerful tool that support visual orchestration of control processes, workflows, mappings and logical calculations. To know more, please request a demo of TruAct for your organisation.