Hastings Group: An IFRS17 Success Story in a Digital Insurance Provider

Using Compliance to ImprovePerformance, Agility and Integration

Hastings Group is an agile, data and technology-driven general insurance provider to the UK car, van, bike and home markets.

The Group selected Legerity’s FastPost Express for its IFRS17 solution to help with the transition to the new International Financial Reporting Standard, IFRS17.

Simon Cooke, Group Financial Controller, and Anthony Paic, IFRS17 Program Director, share their experience of working with Legerity on Hastings IFRS17 Program.

This case study explores:

  • The criteria for selecting an IFRS17 solution
  • The scope of the project
  • What technical deployment was needed
  • Staying competitive during IFRS17 implementation
  • Challenges overcome during the project
  • How long the project has taken to deliver

“A key requirement was for a non-disruptive solution that also closely aligned with Hastings’s cloud first strategy and modern data architecture.”

Legerity’s FastPost Express comes complete with out-of-the-box configuration for IFRS17, including coverage of some of the more challenging aspects of IFRS17.

With FastPost, Hastings is building on the existing data ecosystem by providing another step in the integration between Finance and the rest of the business. The ability to deliver accounting validated data for both Finance and the wider business community provides significant benefit to the organisation.

Download our Case Study and find out how Hastings Group used Legerity’s FastPost Express to achieve IFRS17 compliance and improve performance, agility and integration.

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