PVI drives IFRS 17 compliance in mere weeks with express solution from SAS and KPMG
CARY, N.C., Oct. 24, 2022 /PRNewswire/ -- Insurers worldwide are under intensifying time pressure to implement International Financial Reporting Standard 17 (IFRS 17) Insurance Contracts. Facing its own January 2023 compliance deadline for group reporting, Hanoi-based PVI – majority owned by German insurance giant HDI Global – has deployed a fast-track IFRS 17 solution, KPMG IFRS 17 Express – powered by SAS®.
- Facing its own January 2023 compliance deadline for group reporting, Hanoi-based PVI majority owned by German insurance giant HDI Global has deployed a fast-track IFRS 17 solution , KPMG IFRS 17 Express powered by SAS.
- For PVI, technological and methodological security, as well as the rapid implementation timeline, were decisive factors in choosing KPMG IFRS Express powered by SAS.
- Working in concert, KPMG and SAS remain engaged with PVI, helping orient its teams and familiarize them with the robust, preconfigured IFRS 17 compliance engine.
- "With KPMG IFRS 17 Express powered by SAS, we achieved the onboarding of a robust and traceable calculation engine and subledger for IFRS 17, with capabilities for ongoing tuning, in less than 12 weeks."