CGI Inc. and BNP Paribas Cardif have signed a new agreement for the delivery of services to support the insurer's compliance with the International Financial Reporting Standard (IFRS) 17. Led by its operations in France, CGI will provide business consulting and system integration services for a 21-month period to help BNP Paribas Cardif comply with IFRS 17 before its January 1, 2022 effective date. Issued by the International Accounting Standards Board, IFRS 17 redefines the way insurers calculate and report margin on insurance contracts. These new rules impact actuarial modelling, closing processes and accounting, as well as IT systems and operations. Compliance with IFRS standards is required in 100+ countries worldwide and permitted in many other countries. Covered insurers are in the process of assessing the new standard and evaluating their obligations and options as the January 1, 2022 effective date looms on the horizon. CGI will work with BNP Paribas Cardif's actuarial, finance and IT teams to implement and deploy the RiskIntegrity solution for IFRS 17 within the company, using an innovative, end-to-end methodology.