Insurance IFRS - Program Management

The program management approach is a key element of a successful implementation

Why focus on program structure and design?

  • IFRS Insurance is part of an unparalleled regulatory change triggered by the recent financial crisis.
  • IFRS Insurance will be a significant programme endeavor: a structured and well governed approach around it provides a greater degree of confidence around delivery of benefits and management of risks and costs.
  • Experience from successful change programs illustrates how important it is to get these fundamentals right on ‘day 1’.
  • The confluence of extensive change, resource conflict and timing pressure means you should start designing your approach to governance and structure now.

For a successful implementation, a key factor to your program structure and design is to follow a Project Lifecycle; if you would like to see an example of one please contact the team.

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