We are delighted that CLAL Insurance in Israel has selected the Moody’s Analytics Scenario Generator for the valuation of their insurance liabilities under Solvency II and IFRS 17.
Both require to produce a large number of different scenarios in order to calculate their insurance liabilities under the Solvency II and IFRS17 balance sheets. The Scenario Generator is a market leading solution enabling the automated and timely calibration and generation of the scenarios.
CLAL Insurance’s Chief Actuary, Debbie Farkash-Ollech said, “It was important for us to select a leading provider, with a track record of success, market presence in Israel and understanding of the financial risks impacting the value of our insurance contracts. Moody’s Analytics scenarios will improve the quality of our actuarial reporting, and support our transition to the new IFRS 17 accounting standard.
