London – 11 01 2024. Phinsys, the leading finance automation software provider for the
(re)insurance sector, has been selected by Inigo Limited (“Inigo”), the dynamic technologydriven
specialty insurance business, to deliver a digital, optimised finance and accounting
function.
This new partnership with Inigo underscores Phinsys' track record of delivering innovative
software solutions for all types of insurance enterprise. With a rapidly growing portfolio of
clients in the UK, US and Bermuda, Phinsys has emerged as a driving force for digital finance
transformation and efficiency in the industry.
Designed to speed up financial reporting and increase data accuracy, the platform delivers
management, statutory and regulatory reporting, including UK and US GAAP, Solvency II and
IFRS 17. The Phinsys platform will enable Inigo to make informed and forward-thinking
decisions that help shape the future of its business, enhance efficiency and enable further
sustained growth.
Stuart Conibear, Chief Commercial Officer at Phinsys, commented, "Inigo's focus on data
science and digital transformation resonates perfectly with our vision of harnessing technology
for smarter financial control. Phinsys remains committed to delivering advanced solutions to
companies throughout their evolution, and we look forward to working with Stuart and his team
in supporting Inigo's continued growth."
Stuart Bridges, Chief Financial Officer at Inigo, said, "Inigo's vision is to create a fully digital
insurer with data science at its core. The Phinsys platform plays a crucial role in helping us
achieve this goal, providing us with state-of-the-art tools and technology needed to enhance
our data and streamline our financial processes and reporting."
Phinsys software enables insurers to conform data from multiple disparate systems into a
single, scalable finance data warehouse and automatically reconcile and post accounting
entries to any general ledger. The accuracy and transparency of accounting processes such
as expense allocations, IBNR calculations and the planning and forecasting of results are also
improved, together with automated regulatory and management reports that enable insurance
businesses to understand better where to invest their time and money.
