Written by Risk.net
The RiskIntegrity Suite offers a comprehensive risk and solvency application, with ready-to-use Solvency II-standard formula and internal modelling capabilities – including solvency capital and minimum capital requirement calculations, and integrated regulatory reporting.
The standard formula module supports a stress-and-correlate approach to capital calculations, and includes Solvency II regulatory datasets covering prescribed formula, stresses and correlation matrices for the various capital calculations. The internal model module supports the automation of processes for calculating solvency capital requirements and managing internal economic capital, and it includes a proxy generator for calibrating proxy functions for the simplified modelling of asset and liability values. A risk scenario-generator module produces one-year value-at-risk scenarios for market and non-market risks.
The regulatory reporting module can use the outputs from other RiskIntegrity Suite modules, alongside imported results from third-party systems. The languages, formats and templates of the European Insurance and Occupational Pensions Authority reports for all European Union supervisors are supported.
Over the past 12 months, the company has made several enhancements to the RiskIntegrity Suite, specifically to support Solvency II modelling, including adding a strong mean-reversion sub-model to the extended, two-factor Black-Karasinski nominal yield-curve model, to give more control over interest rate distribution for real-world simulations.
Judges said:
“A comprehensive Solvency II solution, particularly for standard model firms.”
"Part of a broad insurance offering."
"Excellent company."
Colin Holmes, managing director of insurance solutions at Moody's Analytics, says:
“The RiskIntegrity Suite and scenario-generation solutions are designed to address the risk and solvency enterprise risk management needs of insurance companies, for both regulatory and internal management purposes. The comprehensive modular solution helps insurers manage a wide range of finance and risk data, produce risk and solvency analytics to support risk-based decision-making, and generate regulatory and business reporting.”
