The insurance industry contains specific reporting requirements to improve the level of transparency to the users of financial statements. The new standard IFRS 17 – insurance contracts coming into effect from 1st January 2023, adds significant weight to proper maintenance of accounting records. We at AGS provide insurance-specific finance and accounting to support your technical aspects such as,

• Data preparation for Technical Reserve Calculations
• Preparation of Technical Reserve Journal Entries
• System (ERP) Integration Support for Accounting (Data flow mapping)
• Reinsurance party-level reconciliations