Sponsor InsuranceERM is an online service for the insurance industry, providing detailed information on all aspects of risk and capital management.
How Winners Are Chosen There are two rounds of judging that involve a scoring process. A panel of independent judges comprising senior risk and actuarial experts from across the Americas reviewed entries in each of the categories. Judges then voted to determine the finalists and ranked the finalists for each category.
Colin Holmes, General Manager of Insurance Solutions at Moody's Analytics talks about our four category wins at the 2021 InsuranceERM Americas Awards:
The RiskIntegrity Internal Model software supports insurers in the automation of processes to calculate and report their internal model regulatory capital requirement under various global regulatory regimes, or to manage internal economic capital.
The Moody’s Analytics AXIS actuarial system is widely used by life insurers, reinsurers, and consulting firms for pricing, reserving, asset and liability management (ALM), financial modeling, capital calculations, and hedging. The AXIS actuarial system provides the flexibility to deploy large-scale computing power through an advanced cloud-based delivery platform or installed software.
The RiskIntegrity Capital Aggregator enables insurers to calculate one-year Value-at-Risk (VaR) risk-based capital, using a Monte Carlo approach to perform analysis including capital allocation by product and risk category.
“Moody’s Analytics extensive risk toolkit has countless uses and the case studies provided seem to demonstrate significant value realized by their high profile clients.”
Insurers face significant enterprise risk management (ERM) challenges and opportunities in the current landscape. The Covid-19 pandemic - and the multiple variants - remain a major concern for the industry, despite the successes of the global vaccination programme, and the threat of prolonged restrictions linger.