InsuranceERM Awards 2022

InsuranceERM Annual Awards 2022 - Americas

Category Winner for Economic Scenario Generator, Regulatory Reporting, ERM End-to-end, Cloud Technology, and Data Solution of the Year

Cloud Technology Solution of the Year

Complex products, volatile markets and changes in financial reporting and regulatory frameworks are all pressuring insurers’ risk modeling capabilities. Add in the operational challenges of the post-Covid working environment, and many firms are turning to cloud-based technologies to help.

ESG (Economic Scenario Generator) Software of the Year

Moody’s Analytics has consistently been a leader in this market, and the depth of its offering and constant modernisation was recognised by the InsuranceERM judging panel this year.

Regulatory Reporting Software of the Year

The firm’s AXIS™ actuarial modeling system, widely used by insurers in North America, was acknowledged by InsuranceERM’s judging panel for providing a comprehensive and effective solution. It provides a single system that assures consistency and robust calculations for financial reporting and risk-based capital measurement.

ERM End-to-end solution of the year

Used by 400 insurers worldwide, Moody’s Analytics solutions help with valuation, capital and solvency calculation, financial projections, analytics and reporting. The firm’s software can also help meet demands of new financial frameworks including the US Long Duration Targeted Improvements and Current Expected Credit Loss standards, and the international financial instruments (IFRS 9) and insurance contracts (IFRS 17) standards.

Data Solution of the Year

Moody’s demonstrated the InsuranceERM judging panel it was worthy of victory in the data solution category because of its comprehensive climate and ESG solution, with good testimonials from clients.

Why We Won:

InsuranceERM’s judges commented on the breadth of cloud-based services offered by Moody’s Analytics, and also how its cloud services had been widely adopted by the market. The firm has also overcome one of the major barriers to cloud adoption: clients’ worries about information security.

Solution Highlights

Market-Consistent Scenario Generator

Market Consistent Economic Scenario Generator

Market-Consistent Scenario Generator

The Market-Consistent Scenario Generator is a suite of stochastic asset modeling tools in a flexible framework that allows insurers to produce risk-neutral scenarios to value optionality in insurance liabilities, as required by regulatory and accounting regimes. Risk-neutral modeling is also used for hedging and risk management activities.

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RiskIntegrity™ for IFRS 17

RiskIntegrity™ for IFRS 17

The RiskIntegrity solution for IFRS 17 helps insurance companies make the transition from current insurance accounting frameworks to IFRS 17. It helps insurance entities of any size—from large international groups with life and non-life businesses to small monoliners—efficiently meet the new reporting challenges.

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Real-World Scenario Generator

Real-World Scenario Generator

The Real-World Scenario Generator contains stochastic asset models and calibration content that support realistic projections of asset returns and risk-factor distributions. The Scenario Generator allows insurers, asset managers, and institutional advisers to undertake a wide range of risk management and asset liability modeling (ALM) activities.

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RiskIntegrity™ Standard Formula

The RiskIntegrity Standard Formula module supports insurers in the automation of processes to calculate and report their standard-formula solvency capital requirement (SCR), minimum capital requirement (MCR), and risk margin, as defined under various global regulatory regimes.

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Industry Recognition

InsuranceERM Awards 2022: Economic Scenario Generator software of the year

For the fourth times, Moody's Analytics has won Economic Scenario Generator software of the year at the InsuranceERM Awards.

InsuranceERM Awards 2022: Risk Innovation of the Year

RMS, A Moody's Analytics Company, won Risk Innovation of the Year at the InsuranceERM Awards 2022 for its RMS® ExposureIQ™.

InsuranceERM Awards 2022: Regulatory Reporting Software of the Year

For the fourth straight year, Moody's Analytics has won Regulatory Reporting Software of the Year at the InsuranceERM Awards.

InsuranceERM Awards 2022: Solvency II Solution of the Year

For the fifth time, Moody's Analytics has won Solvency II Solution of the Year for the fourth time at the InsuranceERM Awards.

InsuranceERM Awards 2022: Data Solution of the Year

Moody's has won Data Solution of the Year at the InsuranceERM Awards with ESG solutions.

Chartis STORM50 2021: Insurance Risk Analytics

Insurance Asset Risk Awards 2022: IFRS 9 Solution Provider of the Year

InsuranceERM Most Influential on Climate Change 2011

Insurance Asset Risk Awards 2021 - Americas Climate Risk Initiative of the Year

About InsuranceERM

InsuranceERM is an online service for the insurance industry, providing detailed information on all aspects of risk and capital management.

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