Moody's Analytics wins this award for several reasons. These include adapting its Solvency II solution to the current market environment, incorporating stakeholder feedback and the tool's comprehensiveness.

The provider says its RiskIntegrity™ Suite offers an end-to-end regulatory risk and solvency solution that helps standard formula and internal model firms deliver solvency capital requirement and minimum capital requirement calculations.

It has risk module coverage for standard formula users, as well as offering flexibility for Monte Carlo aggregation to support internal model calculations.

The Moody's Analytics entry demonstrated its applicability and range with a large number of case studies. With its SolvencyWatch solution, Moody's Analytics says it has been able to help insurers track and manage their solvency positions frequently and accurately in order to give management teams insight and confidence.

The firm adds that it is continuing to win new clients as insurers add components to their internal models, and assess the impact of economic conditions and different asset allocations on their capital positions and balance sheets.

Reforms to Solvency II in the UK and EU have been hot topics for insurers over the last year and the planned changes will affect the sector in numerous ways.

A spokesperson for Moody's Analytics says it has also been following the reforms closely. The provider says it is working with its customers "to anticipate the functionality required to satisfy the updated standards".

Asked how Moody's Analytics will develop its Solvency II solution for insurers, the spokesperson says: "As we do every year, we work closely with our customers and the market to understand the updates required to support business and regulatory requirements."