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.
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.
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.
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.
For the fourth times, Moody's Analytics has won Economic Scenario Generator software of the year at the InsuranceERM Awards.
RMS, A Moody's Analytics Company, won Risk Innovation of the Year at the InsuranceERM Awards 2022 for its RMS® ExposureIQ™.
For the fourth straight year, Moody's Analytics has won Regulatory Reporting Software of the Year at the InsuranceERM Awards.
For the fifth time, Moody's Analytics has won Solvency II Solution of the Year for the fourth time at the InsuranceERM Awards.
Moody's has won Data Solution of the Year at the InsuranceERM Awards with ESG solutions.