Provident Insurance selects Legerity’s IFRS17 SaaS solution

insightsoftware -
March 29, 2022

insightsoftware is the global provider of enterprise software solutions for the Office of the CFO to connect to & make sense of data in real time, driving financial intelligence across […]

22 09 Cs Legerity Providentinsurance

FastPost Express helps New Zealand’s Life, General and Reinsurance firms achieve IFRS17 compliance

London. 1st April 2022. Provident Insurance, a leading Insurance company in New Zealand, has selected Legerity’s FastPost Express for IFRS17 to help its business comply with the new International Financial Reporting Standard (IFRS17). IFRS17 is one of the most significant changes to accounting in the insurance sector in years.

“We were looking for a proven solution that could address our IFRS17 requirements now whilst also providing options for our future Finance Transformation objectives.” says Michelle Burton, CFO, Provident Insurance. “FastPost Express’ market-leading technology and rapid implementation methodology had a big impact on our evaluation. We were impressed by the professionalism and efficiency of the team. Working with Legerity gave us the confidence that we will achieve IFRS17 compliance in time.”

FastPost Express for IFRS17 is a third-generation accounting rules cloud platform. SaaS-delivered with best practice, out of the box configuration, it provides a fast and effective route to deliver this new complex accounting standard for all sizes of life, general and reinsurance firms.

Jeremy Wood, CEO at Legerity, adds, “We are delighted to help Provident Insurance deliver IFRS17 compliance. Provident Insurance had a great understanding of their IFRS17 requirements and, married with our FastPost Express SaaS solution, creates a strong business partnership.”

Welcoming Provident Insurance makes Legerity the leading provider of IFRS17 solutions in New Zealand.

About Provident Insurance

Provident Insurance offers a range of insurance products and services designed for kiwis, by kiwis. Provident Insurance is 100% NZ owned, 100% NZ driven providing accountability, credibility, and security their customers can count on, 100%.


About Legerity

Legerity helps clients deliver digital finance transformation and complex accounting change. FastPost Express is an enterprise-grade, SaaS-delivered IFRS17 solution that won InsuranceERM’s IFRS17 Solution of the Year award in 2021 and 2022.