De-Risking IFRS17 Technology Delivery – More Collaboration; Less Complexity

As someone who has delivered systems changes in finance and actuarial teams for insurance clients for over two decades, I have mixed feeling following the firming up of the IFRS 17 rules and deadlines.

Here is another opportunity for insurers to modernise their infrastructure; connect up legacy reporting processes; and create harmony between accountants and actuaries ... but on the other hand, here is also an opportunity for insurers to simply add more stuff into their complex finance systems landscape.

The question I ask myself is this – have we really learned the lessons of having doing this (many times) before – and as recently as Solvency II?

Understanding IFRS17 – to become key members of the top team, technologists (and change professionals) need to understand what IFRS17 is ... and what it isn't.