STAMFORD, Connecticut and LUCCA, Italy, September 1, 2016 /PRNewswire/ --
Tagetik's Insurance Day 2016 Will Focus on New and Upcoming Regulatory Requirements and Reporting Changes as Well as Other Finance-related Challenges Facing Today's Insurance Market
Tagetik, a visionary leader in global performance management software solutions, will host a special conference for finance professionals in the insurance industry on Thursday, September 8, and Friday, September 9, at the Convent of San Francesco, located in the historic district of Lucca, Italy. Tagetik's Insurance Day will cover new and upcoming regulatory requirements and reporting changes as well as advanced budgeting and planning processes and the role of technology in meeting these and other disruptive forces that will impact the Office of Finance.
Currently, more than 150 finance executives from six European countries are registered to attend the conference.
Tagetik has consistently been recognized by leading analyst firms for its ability to help insurance companies meet complex regulatory requirements. As of March 2016, the company's Solvency II packaged solution was being used by 265 companies and 2,300 professionals throughout Europe. Representative customers include Talanx, Aegon, Generali Group, Triglav, Allianz and Menzis, as well as Ania, Italy's insurance association.
Conference sessions will be presented by finance and product experts from Tagetik and its partners KPMG and PwC. The agenda will cover these and other topics:
- IFRS 9 requirements, with a focus on impairment of financial assets, including the calculation and reporting of exposure at default (EAD) and expected credit loss (ECL);
- The implementation of complex rolling planning processes with a particular focus on premiums and cost of claims;
- Advance preparation for IFRS 4, Phase 2, including a demonstration of a starter kit supporting premium allocation and building block approaches (PAA and BBA) and calculations;
- How to efficiently meet Solvency II, Pillar 2 requirements, with a focus on solvency capital requirements (SCR), overall market value balance sheet (MVBS), and disclosure of the own risk and solvency assessment (ORSA) document;
- Discussion of Tagetik's product roadmap for insurance, with opportunity for customer feedback and suggestions for further enhancements.
"We put significant resources into keeping up with the EIOPA and local regulatory requirements and ensuring our solution has the built-in financial intelligence and advanced features to meet them. Because we can build on our extensive know-how in the banking regulatory reporting requirements as well as on the significant work we've done in areas such as disclosure, complex reporting, and data integration, we have an advantage in meeting the current and future challenges of the insurance industry," said Sabrina Rosati, Tagetik executive vice president, global financial services practice leader, and managing director of Italy.
Further details on Tagetik's Insurance Day 2016 can be found here.
A just-published e-book on how digital disruption in the insurance industry calls for advanced performance management can be downloaded here.
For other relevant resources such as case studies, product information, and recorded webinars, visit this page.
Tagetik understands the complex challenges that face the Office of Finance and translates that knowledge into intuitive, enterprise-scale performance management software solutions that drive business results. With Tagetik, companies get the simplicity of the Cloud and the power to unify financial and operational planning; shorten the consolidation and close process; immediately analyze results, model and compare full financial statement impact of business scenarios; adjust strategic plans; seamlessly update rolling forecasts; produce formatted and auditable financial statements and management reports; collaborate on business reviews, and automate disclosure and board reporting. Tagetik has built-in financial intelligence so that CFOs, finance managers, and operations executives can orchestrate multiple or all processes in one software solution. More than 850 customers across 35 countries count on Tagetik to improve efficiency, reduce risk, save money and deliver results. For more information, visit www.tagetik.com. We get Finance. You get results.
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