The Evolving Regulatory Landscape
The introduction of long-duration targeted improvements (LDTI) and IFRS 17 has reshaped how insurers approach transparency, reporting, and performance measurement. While the technical requirements differ, both frameworks emphasize more accurate alignment of financial reporting with economic realities. This evolution has forced finance and actuarial teams, traditionally operating in silos, to collaborate more deeply than ever before. The process of IFRS 17 implementation highlights how cross-functional engagement is no longer optional but fundamental for regulatory and strategic success.
Collaboration as a Strategic Imperative
Historically, finance has focused on compliance and reporting, while actuarial teams concentrated on risk modeling and policyholder behavior. Under new standards, these boundaries blur. Actuarial projections now feed directly into financial statements, and finance teams must interpret complex risk data with greater precision. This integration requires joint ownership of outcomes, from assumption setting to disclosures. Organizations that successfully bridge these functions demonstrate improved efficiency, fewer reconciliation issues, and stronger confidence in reported results.
Comments
0 comment