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June 15 2023

Liza Richardson – IFRS 17

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We had a chat with Liza Richardson, VP, Solutions – Finance Transformation at Aptitude Software Limited, who elucidates the beneficiaries derived from regulations such as IFRS 17.

“IFRS 17 is purely for insurers and trying to align the way they recognise their revenue so that it’s the same as everyone else.”

“17 has really driven a change, because you’ve not been able to take your numbers in a more aggregated form, which is traditionally what the insurers have done … They’ve not needed to do any accounting from the actuarial system, they’re just given a provision from the actuaries, and do the provision. That’s really changed, because they now need to evaluate at a policy level, or a group of policy levels, whether something is profitable or not based on what those projected cash flows are.”

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Liza Richardson

Liza Richardson

Aptitude Software

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Aptitude Software

Aptitude Software
  1. EXCLUSIVE: “Check, Check… and Check!” – Pilar Fragalà, CBI in ‘The Fintech Magazine’

    The Fintech Magazine

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  2. BBVA: Digital Identity Will Transform KYC

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  3. Pocket Network Is Pioneering ‘DePIN for Data’

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  4. Kea Rolls Out Local Payouts in 85+ Currencies

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  5. Friendly Fraud Expected to Increase by 25% Between Thanksgiving and Cyber Monday, Warns ACI Worldwide

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