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    ESG (Economic Scenario Generator) software of the year: Moody's Analytics

    June 2021

    ESG (Economic Scenario Generator) software of the year: Moody's Analytics

    InsuranceERM Annual Awards 2021 - Americas

    ​Written by InsuranceERM.

    Moody’s Analytics active development of scenario generation solutions, and the support it has given to both new and existing clients, made it the judges’ choice for ESG software of the year. An example of this support is the way Moody’s Analytics has helped its clients deal with the Covid-19 pandemic through a range of approaches. This included freely available monthly calibration services for a period of time, which was accessible to all clients. The provider also moved standard training workshops to a fully online training format with videos, exercises and lecture notes available.

    Moody’s Analytics highlights how its Monthly Calibrations service helps its clients run their liability valuations, capital calculations, and investment projection processes more frequently to assess the impact of high market volatility. In addition, it has continued working with its scenario generator clients on their economic capital model processes. The provider is also working closely with clients to help them understand the subtleties of modelling and calibration choices, such as displacement and correlation parameters, and the impact of their liability projections.

    Colin Holmes, General Manager-Insurance at Moody's Analytics, also notes the National Association of Insurance Commissioners (NAIC) – the body that sets prudential regulation standards – is proposing updates to stochastic scenarios used in the regulatory reserves and capital calculations. He says: “We are supporting our clients understanding the nature of these NAIC models and using our model implementation documentation to understand the model’s dynamics, any differences, and how they compare to the best-of-breed models supported by our standard services.”

    Commenting on Moody’s Analytics ESG software, one of InsuranceERM’s judges said the solutions provider had shown “an impressive record with consistent improvement”. 


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