The finance function of the future: Use IFRS 17 to build your competitive advantage

July 2018

Imagine a future in which finance can monitor business performance in real time and provide results to stakeholders as and when they need them. Imagine closing the books in two days and fully explaining what drove the results. And identifying profitable customer segments and guiding sales to those customers, or scanning the horizon, preparing contingency plans to address the impact of things like market volatility. In essence, imagine the business benefits of having a finance function that provides timely, actionable insight and is a key partner to strategic decision making.

Our view is that this future is possible today, and that modernised insurers with this capability will significantly outperform their peers. IFRS 17, if looked at as more than merely a compliance requirement, provides the business case to start building this finance function of the future now.

Contact us

Billy Wong
Partner, PwC China
Tel: +[852] 2289 1259

Chris Hancorn
Partner, PwC China
Tel: +[852] 2289 1177

Dick Fong
Partner, PwC Hong Kong
Tel: +[852] 2289 1986

Lars Nielsen
Hong Kong Insurance Leader, PwC China
Tel: +[852] 2289 2722

Ruud Sommerhalder
Asia Pacific Insurance Leader , PwC China
Tel: +[852] 2289 1876

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