Can your reporting strategy meet new challenges?

May 2012
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Can your reporting strategy meet new challenges?

At a glance

Insurance organizations are examining their reporting strategy as a result of regulatory and accounting changes from the FASB’s/IASB’s Measurement of Insurance Contracts standards and Solvency II's Pillar 3 disclosures. A flexible reporting environment can accommodate existing and new reporting requirements.

Many organizations are asking themselves about the viability of their reporting strategy as they reflect on the challenges resulting from changes in the accounting and regulatory environment, including the planned introduction of the FASB’s/IASB’s Measurement of Insurance Contracts standards and Solvency II's Pillar 3 disclosures.

Efficiently integrating these new requirements into a flexible reporting environment that is capable of effectively addressing existing and new reporting requirements requires an enterprise reporting strategy involving people, process and technology.