Tata AIA Life Insurance chooses SAS for IFRS 17

Tata AIA Life Insurance Company has chosen SAS, a leader in AI and analytics, to help the insurance company in its adoption of the Indian equivalent of IFRS 17 reporting standards. SAS will collaborate with Tata AIA Life Insurance to address the reporting requirements of the new standards expected to be mandated soon by the regulator. In addition to facilitating compliance, the solution also provides insurers with advanced reporting features, including drill-down capabilities. These features will empower insurers to access detailed information, enabling robust financial disclosures and analysis, which can be used well before the new reporting regime comes into force.