The implementation teams supported us exceptionally. They were proactive, engaged, and guided us with clarity. We’ve learned so much, and this is just the beginning. We can focus on analyzing results, not running manual processes. It saves time and eliminates errors
— Kim Seug Rae, Project Manager, Samsung Life Insurance
When Samsung Life Insurance (SLI), South Korea’s leading life insurer, began its IFRS 17 journey, the organization faced a familiar challenge: how to manage the complexity of data-heavy actuarial and financial processes while ensuring consistency, traceability, and compliance. With a need for a solution that could unify finance, actuarial, and reporting teams, SLI turned to CCH® Tagetik, and trusted implementation partner Inulta, to build a scalable framework for IFRS 17 and long-term business insight.
Through close collaboration, Inulta and the CCH® Tagetik team helped SLI design and deploy a centralized IFRS 17 platform, one that not only meets regulatory standards, but also transforms the finance function with automation, multidimensional analytics and reduced manual effort.
Highlights:
- End-to-end IFRS 17 data integration and reporting
- Multidimensional analysis across full and interim results
- Complete traceability across financial and actuarial workflows
- Major reduction in manual processes and human error
- Proactive support and expert guidance from CCH® Tagetik and Inulta
- Scalable foundation for future regulatory and analytical needs
Solution in Action
This International Financial Reporting Standard introduced new demands for transparency and control over financial and actuarial data. For Samsung Life Insurance, this meant rethinking how data flows across systems and teams. From the outset, SLI prioritized a unified data platform, one that could support both IFRS compliance and strategic analysis.
With CCH® Tagetik IFRS 17 as the core solution, and Inulta leading the implementation, SLI was guided through each phase of the project with a hands-on, collaborative approach. The CCH® Tagetik team worked closely with SLI to address inquiries, resolve concerns, and provide technical direction across multiple project stages.
The result is a centralized IFRS 17 environment where data is clearly structured, easily accessible, and ready for multidimensional analysis. Financial users can now analyze both full and partial results across any scenario, without relying on manual spreadsheets or IT intervention.
See the Full Case Study
Explore how Samsung Life Insurance built a modern, data-driven approach to IFRS 17, reduced operational risk, and empowered teams with real-time analytical capabilities.
