NEWS | For Immediate Release
LONDON, December 12, 2012 – Moody’s Analytics, a leader in risk measurement and management, today announced the addition of RiskIntegrity™ to its Enterprise Risk Solutions Suite. A comprehensive Solvency II compliance solution, RiskIntegrity helps risk professionals to calculate, consolidate and report on an organization’s insurance portfolio, including life, non-life, operational, health and credit default risk.
Building on its predecessor, Fermat Solvency II, RiskIntegrity offers clients improved process management capabilities and increased automation by embedding the European Insurance and Occupational Pensions Authority’s (EIOPA’s) latest suite of Quantitative Reporting Templates (QRTs). This helps insurers to efficiently calculate and report on their group- and solo-entity level Solvency Capital Requirement (SCR) on the basis of the Standard Formula. The compliance solution also performs thousands of data quality checks and provides audit and tracking capabilities as well as compatibility with leading actuarial solutions.
“Solvency II is challenging the ability of insurers, both in Europe and globally, to assess their current data, analytics, and reporting infrastructure,” says Christophe Burckbuchler, Senior Director, Solvency II Solutions at Moody’s Analytics. “From sourcing and consolidating the data, to creating and delivering regulatory reports on time, insurers are under ever-growing pressure to comply. Building on our existing Solvency II capabilities, RiskIntegrity offers a user-friendly solution that will help meet these challenges, while delivering streamlined processes and greater risk insight.”
RiskIntegrity can be integrated with Moody’s Analytics other compliance solutions to deliver comprehensive regulatory capital and compliance management. RiskFoundation™, the cornerstone of Moody’s Analytics enterprise risk solutions, offers a robust datamart to consolidate, cleanse and store risk and finance data.
Moody’s Analytics offers a range of insurance solutions including RiskFrontier ™ for credit VAR calculations and Moody’s Analytics Economic Scenario Generation solutions from its acquisition of Barrie & Hibbert.
For more information, please visit www.moodysanalytics.com/riskintegrity.
About Moody’s Analytics
Moody’s Analytics helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services and research, including proprietary analyses from Moody’s Investors Service, Moody’s Analytics integrates and customizes its offerings to address specific business challenges. Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO), which reported revenue of $2.3 billion in 2011, employs approximately 6,700 people worldwide and has a presence in 28 countries. Further information is available at www.moodysanalytics.com.