NEWS | For Immediate Release
LONDON, JULY 18, 2017 – Moody's Analytics announced today that its technology has been selected by Uniqa Insurance Group ("UNIQA"), one of Austria's leading insurers, who will be using a number of Moody's Analytics solutions for their valuation, components of their internal model, strategic asset allocation, and portfolio optimization.
UNIQA will implement Moody's Analytics Economic Scenario Generator ("ESG"). The solution will be used by Group Risk Management for market consistent valuation, and will offer latest state-of-the-art modelling, faster performance and automation of the scenario generation process.
At the same time, the ESG will be used by UNIQA Capital Markets for strategic asset allocation and portfolio optimization. This will allow UNIQA to benefit from the broad coverage of Moody's Analytics economic modelling, including integrated portfolio projection which supports modelling of dynamic asset reinvestment strategies linked liabilities.
UNIQA will also use Moody's Analytics Risk Scenario Generator, RiskIntegrity™ Proxy Generator, and RiskIntegrity™ Capital Aggregator solutions as the core components of their future Internal Model for Market Risk.
"UNIQA's decision to use Moody's Analytics Internal Model solution was driven by the breadth of the functionality available in a business-orientated solution from a single vendor. The flexible and configurable solution will allow UNIQA to take ownership quickly and is expected to accelerate implementation timelines," said UNIQA Head of Group Actuarial & Risk Management, René Knapp.
"We are delighted that UNIQA has selected Moody's Analytics solutions to address a wide range of their modelling needs including valuation, internal model, strategic asset allocation, and portfolio optimization. We are excited to start working with UNIQA as one of the adopters of our internal model and portfolio projection capabilities," said Brian Robinson, Senior Director at Moody's Analytics.
Learn more about Moody's Analytics solutions at moodysanalytics.com.
The UNIQA Group is one the leading insurance groups in its core markets of Austria and Central and Eastern Europe (CEE). Around 20,000 employees and exclusive sales partners serve over 9.6 million customers in 18 countries. UNIQA is the second-largest insurance group in Austria with a market share of more than 21 per cent. UNIQA operates in 15 markets in the CEE growth region: Albania, Bosnia and Herzigovina, Bulgaria, Croatia, the Czech Republic, Hungary, Kosovo, Macedonia, Montenegro, Poland, Romania, Russia, Serbia, Slovakia and Ukraine. The UNIQA Group also includes insurance companies in Switzerland and Liechtenstein. Learn about UNIQA at uniqagroup.com.
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 the proprietary analysis of 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 $3.6 billion in 2016, employs approximately 10,700 people worldwide and maintains a presence in 36 countries. Further information is available at moodysanalytics.com.