The insurance industry is going through a period of drastic change. With external shocks from inflation, geo-political tensions and the pandemic causing financial disruption, it has never been more important to remain agile and flexible.

As insurers look for ways to modernize and achieve these goals, they must ensure that IFRS17 regulations are upheld and lay the groundwork for new environment, social, and governance (ESG) directives. These new demands require immediate action, with IFRS17 demanding double the data, processes, and workload as its predecessor. Insurers must focus on their data, tech infrastructure, and automation tools to achieve the transformation they seek.