IFRS 17 End-to-End Reporting Transformation Case Study

This case study details the implementation of WTW's IFRS 17 Enterprise Solution at Mandatum Group, a leading financial services provider in Finland. The document outlines the challenges faced by Mandatum due to the introduction of IFRS 17, which required faster calculations and greater automation in their reporting processes. WTW collaborated closely with Mandatum to design a target operating model and integrate new system functionalities into their existing infrastructure. The report describes the modular approach taken during the implementation, allowing for independent process execution while reducing complexity. Key challenges included seamless integration with existing systems, rapid response to changes in IFRS 17 requirements, and addressing complex business needs. The outcomes highlighted include a fully automated reporting process, improved governance, and significant reductions in reporting time from days to hours. The case study emphasizes the importance of agile project management and collaboration in achieving successful implementation.