{"id":774,"date":"2022-02-16T16:20:00","date_gmt":"2022-02-16T08:20:00","guid":{"rendered":"https:\/\/insurance.vincent-chen.com\/en\/?page_id=774"},"modified":"2022-02-16T17:31:54","modified_gmt":"2022-02-16T09:31:54","slug":"ifrs17-project-management","status":"publish","type":"page","link":"https:\/\/insurance.vincent-chen.com\/en\/ifrs17\/ifrs17-project-management\/","title":{"rendered":"IFRS 17 Project Management"},"content":{"rendered":"<p>Based on our international experiences in IFRS 17 projects, basically there are four phases to consider in the aspect of actuarial, accounting, and IT practices.<\/p>\n<ol>\n<li>Gap Analysis: Compare company&#8217;s current environment with the IFRS 17 requirements in the aspect of data and systems<\/li>\n<li>Design: Understand the available solutions in the market and design the overall end-to-end data flow solution based on company&#8217;s budget as well as future product and management plan<\/li>\n<li>Implementation: Follow the direction of the design, implement the actuarial mode, data mart, and IFRS 17 subledger<\/li>\n<li>System Integration Test: Test the end-to-end solution with actual data and review the efficiency and accuracy of the calculation results. Enhance or fix the issues to meet the IFRS 17 requirements<\/li>\n<\/ol>\n<p>The key performance indicator for IFRS 17 project completeness is about the degree of the automation.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_1.png?resize=1200%2C885&#038;ssl=1\" alt=\"\" width=\"1200\" height=\"885\" class=\"aligncenter size-full wp-image-786\" srcset=\"https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_1.png?w=2010&amp;ssl=1 2010w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_1.png?resize=300%2C221&amp;ssl=1 300w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_1.png?resize=1024%2C755&amp;ssl=1 1024w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_1.png?resize=768%2C566&amp;ssl=1 768w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_1.png?resize=1536%2C1133&amp;ssl=1 1536w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><br \/>\n<img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_2.png?resize=1200%2C849&#038;ssl=1\" alt=\"\" width=\"1200\" height=\"849\" class=\"aligncenter size-full wp-image-785\" srcset=\"https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_2.png?w=2108&amp;ssl=1 2108w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_2.png?resize=300%2C212&amp;ssl=1 300w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_2.png?resize=1024%2C725&amp;ssl=1 1024w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_2.png?resize=768%2C544&amp;ssl=1 768w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_2.png?resize=1536%2C1087&amp;ssl=1 1536w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_2.png?resize=2048%2C1450&amp;ssl=1 2048w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><br \/>\n<img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_3.png?resize=1200%2C713&#038;ssl=1\" alt=\"\" width=\"1200\" height=\"713\" class=\"aligncenter size-full wp-image-784\" srcset=\"https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_3.png?w=1936&amp;ssl=1 1936w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_3.png?resize=300%2C178&amp;ssl=1 300w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_3.png?resize=1024%2C608&amp;ssl=1 1024w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_3.png?resize=768%2C456&amp;ssl=1 768w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_3.png?resize=1536%2C912&amp;ssl=1 1536w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><br \/>\n<img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_4.png?resize=1200%2C874&#038;ssl=1\" alt=\"\" width=\"1200\" height=\"874\" class=\"aligncenter size-full wp-image-783\" srcset=\"https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_4.png?w=2074&amp;ssl=1 2074w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_4.png?resize=300%2C218&amp;ssl=1 300w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_4.png?resize=1024%2C746&amp;ssl=1 1024w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_4.png?resize=768%2C559&amp;ssl=1 768w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_4.png?resize=1536%2C1118&amp;ssl=1 1536w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_4.png?resize=2048%2C1491&amp;ssl=1 2048w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><br \/>\n<img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_5.png?resize=1200%2C716&#038;ssl=1\" alt=\"\" width=\"1200\" height=\"716\" class=\"aligncenter size-full wp-image-782\" srcset=\"https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_5.png?w=1924&amp;ssl=1 1924w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_5.png?resize=300%2C179&amp;ssl=1 300w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_5.png?resize=1024%2C611&amp;ssl=1 1024w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_5.png?resize=768%2C458&amp;ssl=1 768w, https:\/\/i0.wp.com\/insurance.vincent-chen.com\/en\/wp-content\/uploads\/2022\/02\/ifrs17_5.png?resize=1536%2C916&amp;ssl=1 1536w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Based on our international experiences in IFRS 17 projects, basically there are four phases to consider in the aspect of actuarial, accounting, and IT practices. Gap Analysis: Compare company&#8217;s current environment with the IFRS 17 requirements in the aspect of data and systems Design: Understand the available solutions in the market and design the overall&hellip;&nbsp;<a href=\"https:\/\/insurance.vincent-chen.com\/en\/ifrs17\/ifrs17-project-management\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">IFRS 17 Project Management<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":157,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"nf_dc_page":"","neve_meta_sidebar":"full-width","neve_meta_container":"","neve_meta_enable_content_width":"on","neve_meta_content_width":100,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"class_list":["post-774","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/pages\/774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/comments?post=774"}],"version-history":[{"count":2,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/pages\/774\/revisions"}],"predecessor-version":[{"id":787,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/pages\/774\/revisions\/787"}],"up":[{"embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/pages\/157"}],"wp:attachment":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/media?parent=774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}