Legerity’s Global IFRS17 Lead Mark Miller sat down with Conor Sweetman of InsurTech Radio to understand why the new standard is having such an impact on the industry.
Conor Sweetman has 10 years’ experience in underwriting and business development. He has built impressive insurance schemes, two of which grew from o Euros to 1M Euros in three years.
Mark is a qualified accountant with over 20 years of experience in finance change programs. He has been involved in multiple accounting and IFRS implementations and is the global lead at Legerity for IFRS 9, 15, 16 and 17.
IFRS17 is complex and a large audience within the insurance industry feel there is a lack of understanding and training on the standard. This podcast aims to further educate the insurance industry, to ensure they are well informed about IFRS17 for disruption-free implementation.
Mark and Conor touch on regulation and innovation and how it is driving the industry, the adoption barriers to InsurTech and the considerations firms have to make when transforming their back-office for a sustainable future.
IFRS has been anticipated for many years – the standard is here. The key message is that this is a once in a lifetime opportunity to transform the back-office. Done well – it will be a major competitive advantage going into the future.