NEWS | For Immediate Release
LONDON, March 1, 2021 – For the second straight year, Moody’s Analytics has won five categories in the InsuranceERM Awards:
- ERM End-to-End Solution of the Year
- Economic Scenario Generator Software of the Year
- Regulatory Reporting Software of the Year
- Solvency II Solution of the Year
- Stress Scenarios Software of the Year
“Our insurance customers have had to address unparalleled, often unforeseeable changes in the last year. Throughout this period of uncertainty they have trusted Moody’s Analytics to help them achieve their goals,” said Colin Holmes, General Manager of Insurance Solutions. “We’re proud to have earned that trust and recognize that many other challenges lie ahead—including climate change and upcoming go-live for IFRS 17 and LDTI. As this recognition from InsuranceERM shows, our broad offering equips our insurance customers to be ready for whatever hurdles may arise.”
Moody’s Analytics capabilities in economic forecasting help insurers to project and test financial outcomes. They are often used in tandem with our expertise in actuarial and credit modeling and our enterprise software to enable customers to assess their risks and anticipate the future.
As market conditions change, insurers need to monitor their solvency position more frequently, quickly, and with accuracy. We introduced the Moody’s Analytics SolvencyWatch™ solution last year to help them monitor their financial position, giving risk teams timely access to actionable information.
The pandemic has changed how vendors support and engage with their customers. In-person collaboration, previously typical, remains virtually impossible. Fortunately for Moody’s Analytics, our “vendor-maintained” approach has been valuable to customers amid the continuing uncertainty. Because our methodologies are built directly into our software, implementation focuses on knowledge transfer—not customization.
“Moody’s Analytics continues to be a leader in the insurance risk and financial management space, as demonstrated by a second straight five-win showing,” said Christopher Cundy, Managing Editor of InsuranceERM. “Their offerings are helping insurers meet a range of business and regulatory challenges that have only intensified over the last year.”
These wins add to the recognition for Moody’s Analytics, which in 2020 totaled more than 70 awards.
About Moody’s Analytics
Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organizations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs. For more information about Moody’s Analytics, visit our website or connect with us on Twitter and LinkedIn.
Moody's Analytics, Inc. is a subsidiary of Moody's Corporation (NYSE: MCO). Moody's Corporation reported revenue of $5.4 billion in 2020, employs approximately 11,400 people worldwide and maintains a presence in more than 40 countries.