NEWS | For Immediate Release
LONDON, January 10, 2018 - Moody's Analytics has won Best Solvency II Tech Solution in the 2017 Insurance Asset Management Awards. This recognition comes on the heels of the company being named Technology Vendor of the Year in the Risk Awards and deepens our standing as a leading provider of insurance risk and finance solutions.
The company earned the award for Best Solvency II Tech Solution on the strength of the Moody's Analytics RiskIntegrity™ suite, our comprehensive Solvency II solution. The RiskIntegrity suite helps insurers meet the calculation, data, and reporting requirements of Solvency II. The availability of particular features, such as fund look-through for asset data, is particularly important for insurers to perform regulator-compliant Solvency II market risk stress requirements for investment classes. This modular solution offers both standard-formula and internal-model approaches to support insurers with automation of regulatory capital calculations and reporting.
"Now that the compliance element of Solvency II is largely in place, insurers are looking for solutions that enable them to make effective decisions in a world where Solvency II capital is a key metric," said Colin Holmes, Managing Director of Insurance Solutions at Moody's Analytics. "Our solutions help the industry manage their business in the Solvency II world, and we are proud to have them recognized with this award."
The win for Best Solvency II Tech Solution follows our three wins for Insurance solutions in the Risk.net Market Technology Awards: Solvency II Product of the Year, Economic Scenario Generation Product of the Year, and Regulatory Reporting Product of the Year. Last year, Moody's Analytics earned the highest combined ranking of any vendor surveyed in the Chartis Research report, Risk Management Systems for the Insurance Industry: Market Update 2017.
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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 11,700 people worldwide and maintains a presence in 41 countries. Further information is available at moodysanalytics.com.