Conduit group has teamed up with software provider Phinsys and licensed a suite of products that will help the carrier to structure its finance operations. The new platform implementation includes provision for IFRS 17 requirements that took effect at the start of the year.

Elaine Whelan, CFO of Conduit Re, said: “As a start-up company, our engagement with Phinsys was not about improving or consolidating existing systems and processes, but about building an efficient finance calculation engine in one platform, allowing us better access to more transparent data than might otherwise have been the case in traditional systems.

“While we look forward to our continued partnership with Phinsys, we are pleased to have successfully concluded this first, significant stage of that development.”

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