With the Insurance Recovery and Resolution Directive (IRRD) coming into force in January 2025, the EU has established a harmonized framework for the recovery and resolution of insurance companies. For insurers, this introduces extensive new obligations: The development of preventive recovery plans, annual resolution reporting in XBRL format, the implementation of new processes and increased demands on data management are challenging. The first reporting deadline is set for 2028 – early preparation is essential! 👉 Learn more about the IRRD and cleversoft’s solution in the latest edition of cleversoft’s insights!
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