Wavestone ：2024保险金融的未来研究报告（英文版）（26页）.pdf

1、The Future of Finance in Insurance Mastering the finance transformation agenda by building new capabilities for regulation and business while embracing new technology WAVESTONE|2Chapter 1Introduction to the finance transformation agenda of insurance companies3Chapter 2Regulation drives operations an

2、d requires new capabilities in the finance department52.1.Strengthening risk management to manage new regulations 62.2.Managing earnings and forecasting under IFRS 17 82.3.Navigating IFRS 17 for effective M&A transactions122.4.Safe use of AI in finance requires understanding of its ethics14Table of

3、ContentsChapter 3 Embracing new technology in architecture&operating model to be fit for the future 163.1.Finance needs to support new business models caused by new technologies173.2.Leveraging order-to-cash middleware for the transformation agenda193.3.Clients expect digital payments and currencies

4、 to be part of the experience203.4.Going beyond traditional bookkeeping21Chapter 4 Conclusion&outlook 23The Future of Finance in Insurance Imprint24 WAVESTONE|3For more than ten years,investments into finance departments were primarily focused on complying with various mandatory regulatory requireme

5、nts.Despite already significant regulatory workloads,way more challenges lie ahead for finance departments stemming from their business models and external factors which are not all industry-specific,e.g.climate change,geo-political crises and cyber security.We believe now is the time to refocus and

6、 see where the business needs to be supported better in order to anticipate or react to major trends in the market.CFO budgets in insurance were inflated by regulatory implementation projects(IFRS 9/17,LDTI,ESG)and the first instinct might be to call for a cut after go-live.However,the regulatory ch