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Richard has 20 years experience in top tier commercially sensitive strategic initiatives. He is a technically minded change delivery expert.

I am a qualified accountant and combine a wealth of technical accounting and change management experience into a, technically minded, change delivery expert. I have delivered across a range of sectors, spending the last seven years working on insurance projects.

My insurance delivery track record in Europe includes:

  • The assessment and strategy for accounting policies
  • A close process transformation
  • Financial ledger upgrades to improve the close process and Solvency II enablement
  • The post-merger harmonisation of IFRS accounting policy and practices across four companies with combined revenues of £11bn and assets of £122bn
  • Devising and delivering a £2.5bn Bulk Annuity transfer programme with multi-million pound benefits
  • Delivering the Target Operating Model capability to accomplish a £4bn investment programme in illiquid assets
  • Coaching and leading BAU teams on a Prudential Regulatory Authority engagement for a commercial, regulatory and risk compliant investment management programme
  • Actuarial model improvement projects to reduce the close period

In recent years the European agenda has been Solvency II – which has led to a lack of focus on IFRS 17. The Asian agenda has focused more on IFRS 17. Through this experience, Innovation has developed and is implementing an IFRS 17 delivery framework for clients.

Using a ‘minimum Solvency II divergence strategy’, I am leading the development of Innovation’s IFRS 17 delivery framework for Europe.

My recent focus has included devising a minimum Solvency II divergence strategy and delivery framework for IFRS 17. I have been able to do this based on my experience gained in delivery financial close, actuarial modelling and technical accounting initiatives.

 

Fast Facts

Like all Innovators, Richard’s approach to designing and delivering change is to draw information out of subject-matter experts across a business and structure the information into plans that deliver a great outcome for the client.