General Insurance Reserving and Reporting Suite (GIRRS)
GIRRS is a powerful financial reporting software designed and built for non-life insurers. Our pre-configured solution supports insurers to automate and consolidate their regulatory reporting requirements on a single calculation platform.
Learn more about how GIRRS and our wider actuarial services can reduce your compliance costs and accelerate your reporting needs across IFRS 17, RBC, actuarial reserving and management reporting.
Designed for today’s needs
Single integrated calculation engine with synergies across different reporting basis, saving you time and cost whilst providing more business insights.
Embedded audit trail and system validation controls increases transparency into calculation methodologies and reduces the risk of manual errors.
Highly configurable solution which can easily integrate with your existing systems and processes so you can get up and running on day one.
Learn more about how PwC can support you across:
IFRS 17 reporting
Our IFRS 17 module will accelerate your IFRS 17 reporting and provide you with a full set of compliant journal entries and related financial statement disclosures.
Features of the IFRS 17 engine includes fulfilment cash flow generation, onerous testing, discounting and risk adjustment calculation. The inbuilt accounting rules engine also comes with a pre-defined IFRS 17 chart of accounts and configurable accounting policy choices.
RBC reporting
We can accelerate your RBC compliance needs by streamlining the calculation of your economic balance sheet, prescribed capital requirement, solvency forecasts and stress testing.
In addition, we can help you to instantly populate the quarterly and annual regulatory disclosure returns, reducing the burden on your finance resources and the risk of manual errors.
Actuarial reserving
Our actuarial reserving module supports the modelling of the outstanding claims liability and premium liability for non-life business. The module has embedded standardised actuarial reserving techniques such as chain ladder, loss ratio and Bornhuetter-Ferguson.
Other features include a range of actuarial diagnostics and a stochastic simulation engine to derive the risk margin at a desired confidence level.
Management reporting
Our customisable dashboard will help you monitor your Key Performance Indicators (KPIs) holistically and support management in making informed business decisions.
By harnessing the underlying data across different reporting basis, the dashboard can perform a full spectrum of financial analysis such as drill-down capability, movement analysis and sensitivity testing.
Contact us
Mainland China and Hong Kong Actuarial Leader, PwC Hong Kong
Tel: +[852] 2289 1166
