Unlocking Success with addactis® IFRS 17
In the ever-evolving landscape of financial regulations, the implementation of IFRS 17 has been a significant challenge for insurers worldwide. For Thai Reinsurance, navigating the complexities of IFRS 17 became a seamless journey, thanks to the collaboration with ADDACTIS Group and its cutting-edge addactis® IFRS 17 Solution.
Let’s explore the key messages from Chatchai Payakarintarangkura’s testimonial, Executive Vice President at Thai Re Insurance, and learn more about their journey with IFRS 17 and Addactis!
IFRS 17 Compliance with addactis® IFRS 17 Solution
At Thai Reinsurance, accuracy in financial reporting and compliance with regulatory standards is crucial. The transition to IFRS 17 presented a significant challenge for this organization to achieve efficiency and precision.
Thai Reinsurance uses addactis® IFRS 17 Solution as their IFRS 17 Solution, while their subsidiary has been working closely with Addactis over the past few years to overcome IFRS 17 challenges.
addactis® IFRS 17 solution helped Thai Reinsurance achieving both accurate financial reporting and IFRS 17 compliance, as it has supported them in their data integration, streamlined reporting, and ensured accuracy.
The efficiency and timeliness of regulatory reporting, crucial in the reinsurance industry, were significantly enhanced.
The transition to IFRS 17 presented a significant challenge for our organization. The IFRS 17 compliance software Addactis provided has supported our data integration and reporting processes aiming at the accuracy, efficiency, and timely regulatory reporting.
Commitment to Client Success
“What truly sets Addactis apart is their commitment to client success”, testifies Mr. Chatchai Payakarintarangkura.
Throughout our collaboration, the Addactis team proved to be more than just a software provider; they became a reliable partner in overcoming the challenges posed by IFRS 17.
Addactis experts ensured that Thai Reinsurance had not only the tools but also the requisite knowledge to navigate the dynamic regulatory landscape.
Their commitment to success was evident in every collaboration, making the journey towards IFRS 17 compliance smoother and more manageable.
A Trusted Partner
In conclusion, Thai Re, recommends Addactis as a trusted partner for companies seeking to achieve IFRS 17 compliance, because our expertise, dedication, and software solutions will make a significant positive impact on IFRS 17 reporting processes.
I have no hesitation in recommending Addactis as a trusted partner to help achieve IFRS 17 compliance.
Gratitude in Every Word
As well as highlighting the precision, accuracy and compliance achieved through our collaboration on this project to implement the addactis IFRS 17 solution, this testimonial demonstrates the importance of the relationship of trust that we strive to build with each of our clients and solutions’ users on a daily basis.
Thank you, Thai Reinsurance, for demonstrating that we are a trusted partner.
Our commitment to excellence will remain the driving force behind our continued business efforts!
How Addactis can help you in your IFRS 17 implementation project
Numerous IFRS 17 solutions are available globally, categorized into accounting models, actuarial models, and internal models, each involving intricate operational processes.
Addactis offers an end-to-end solution adaptable to your specific requirements. Our technical and software experts in France and internationally support our clients throughout the implementation of the standard, the operational process, and post-implementation analysis.
Addactis IFRS 17 hub has led more than 50 IFRS 17 implementations around the world in recent years, during which its experts have acquired solid and recognized expertise to support insurers on their IFRS 17 journey.
Get an overview of our out-of-the-box solution in video and find out how Addactis experts can support you and help you with your IFRS 17 project.
Explore the addactis® IFRS 17 solution by watching the complete video below:
