Recent and proposed changes in financial and regulatory reporting (FRR) requirements are placing great strains on the resources of CFOs and finance organizations at insurers. As a result, CFOs need to rethink how they assess and communicate the performance of their insurance businesses, and develop systems and processes that can generate timely, secure and auditable information.
But before they can tackle any changes, CFOs need to have a clear understanding of the capabilities of their own financial and regulatory reporting function, including technical capabilities, the robustness of controls and governance, the aptitude to perform key analyses, forecasting and budgeting capacity, and the link between financials and strategic decision making.
See full Press Release.
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