4most has been named IFRS 17 consultancy of the year at the InsuranceERM UK & Europe Awards 2024, recognising its innovative, bespoke solutions and commitment to long-term success for clients.
Unlike traditional consultancies that rely on off-the-shelf modelling platforms, 4most has been thinking outside the box, pioneering custom-built solutions.
This approach has been game-changing for clients struggling to align IFRS 17 requirements with existing infrastructure.
In one case, a client could not use their modelling platform to produce IFRS 17 sensitivity results. Instead of settling for workarounds, 4most designed a fully customised modelling solution to generate a comprehensive set of economic and demographic sensitivity results.
Similarly, for another client, 4most developed a tailored risk adjustment calibration approach outside of any standard modelling platform, to ensure accuracy, compliance and long-term efficiency.
Beyond achieving compliance, 4most has helped clients embed IFRS 17 processes seamlessly into business-as-usual (BAU) operations. This integration has delivered sustained efficiencies, collaboration, and scalability, helping insurers future-proof their reporting capabilities.
4most has also been committed to industry-wide knowledge-sharing extends beyond its direct clients. At the 2024 Annual Convention of the Society of Actuaries in Ireland, the consultancy led discussions on Solvency II and IFRS 17 integration, equipping insurers with practical strategies for implementation.
Another key factor in 4most's win is its focus on empowering internal teams for long-term success. By embedding knowledge transfer into its delivery model, 4most enables clients to handle future regulatory updates in-house, reducing reliance on external consultants.
With 50 consultants dedicated to IFRS 17 compliance this year, 4most has tackled all aspects of the standard, from data and methodology to modelling, testing, reporting, and disclosures, ensuring smooth transitions for clients.
By combining technical excellence, custom solutions and a long-term mindset, 4most has cemented its status as a leader in IFRS 17 consultancy. The company's ability to go beyond compliance, streamline operations and empower internal teams has set a new industry benchmark - one that this prestigious award firmly recognises.