Moody's Analytics put together a compelling entry for ERM end-to-end solution of the year, winning the category for its unique combination of economic content, stochastic modelling, actuarial modelling and software.
Used by 400 insurers worldwide, Moody's Analytics solutions help with valuation, capital and solvency calculations, 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.
But more than that, it is helping senior management assess the impact of different business scenarios and management actions.
At the heart of Moody's Analytics' offering is the RiskIntegrity Suite, which aids insurers' capital and ERM needs, including solvency measurement, regulatory solvency reporting and business insight.
Designed as a modular system, the elements can be combined to provide a comprehensive solution, or an individual module can be deployed for a specific part of a process.
One element is Risklntegrity Insight, a business modelling capability that integrates risk, solvency and financial modelling to support senior management in their decision-making. Another element is SolvencyWatch, which was introduced to help insurers with real-time solvency metrics updates without the need to re-run the business's full valuation model.