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The biggest challenges for the insurer are both methodological and operational :
For this 3-year project, Mazars selected a multidisciplinary team composed of financial reporting experts, actuarial consultants and financial consultants to provide project coordination, methodology support, actuarial support, financial process adaptation and tool implementation. Working side by side with the customer Project Lead, an experienced PMO is responsible for ensuring overall coordination and the delivery of all workstreams.
By the end of the assignment in 2021, the insurer will have efficient and secured processes and tools to produce on-time financial reporting. The client should also have a thorough understanding of the standard and be able to anticipate impacts on Financial reporting to manage the performance.
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