IFRS 17 Reporting and Calculation Platform (RCP)

IFRS 17 is one of the largest accounting changes in insurance in the last decade, impacting insurance firms’ entire operating model. Our skilled team can help you comply with the latest IFRS 17 regulations with our Reporting and Calculation Platform (RCP).

The team

Phil Vermeulen
Phil Vermeulen
EY EMEIA Financial Services Insurance Leader
Photographic portrait of Martyn van Wensveen
Martyn van Wensveen
EY Asia-Pacific IFRS 17 Implementation and Finance Transformation Leader

What EY can do for you

IFRS 17 will result in a profound change to accounting in IFRS financial statements of insurance companies. This will have an impact on data, systems and processes used for financial reporting as well as on the people producing it.

EY’s Reporting and Calculation Platform (RCP) is designed to help insurance firms to be compliant with the requirements of the IFRS 17 standard.
RCP is a holistic solution that produces complex calculations, accounting entries, financial statements and disclosures required by IFRS 17. It is designed to make IFRS 17 compliance easier and more efficient for insurance companies.

Some of the key benefits are:

  • Is easy to use and scalable
  • It is a cost-effective platform to meet IFRS 17 requirements
  • Performs IFRS 17 calculations for all three measurement models
  • Customization for IFRS 17 with simple parameter options 
  • Performs sensitivity analysis for different risk drivers at the same time
  • Includes a full accounting module with IFRS 17 Chart of Account
  • Can be easily integrated into existing accounting systems and software
  • Logs all calculations and creates auditable reports and all required IFRS 17 disclosures

Request a demo

Let the EY Insurance team show you how our platform could help make your IFRS 17 reporting simpler and more efficient

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IFRS 17 - A closer look at the insurance contracts standard (June 2021)

PDF (3 MB)

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    The team

    Phil Vermeulen

    EY EMEIA Financial Services Insurance Leader
    Transformation leader and client relationship partner. Passionate about helping insurance clients fulfill their potential. Average runner; better cook. Father to twin boys.
    Zurich, CHE

    Martyn van Wensveen

    EY Asia-Pacific IFRS 17 Implementation and Finance Transformation Leader
    Committed to helping financial services clients strategically prepare and reshape finance and risk functions. Ensures clients can meet today’s regulatory change and performance management agenda.
    Singapore, SGP

    EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.