The strength of the client testimonials and case studies for Moody's Analytics economic scenario generation solutions show how valued these tools are in the market, making the company a clear winner for this category.

Moody's Analytics Economic Scenario Generator suite offers capabilities across areas including asset price and return modelling covering hundreds of asset classes and indices; macroeconomic risk factors such as GDP, unemployment and real wages; and an array of statistical distributions and a choice of modelling copula for capturing different tail dependence relationships.

The software suite has been continuously upgraded, with around eight releases in the last 12 months supported by a team of software engineers, actuaries, quantitative modellers, economists, data/operations specialists and consultants.

Moody's Analytics has further developed its scenario generator solutions and services, for example with the launch of its Scenario Generator Climate Pathways web-based application. This allows its insurance customers to experiment with different assumptions and scenarios to build robust recommendations and explain them to the board.

The company has continued to enhance its risk-integrated credit scenarios services that provide integrated modelling of market and credit risk in a multi-asset class framework.

Improvements have also been made to the Cloud Burst Service that lets users run the scenario generator in the Moody's Analytics hosted cloud environment. The judges praised this continued investment in developing and improving the existing product suite.

An example of the array of testimonials provided by Moody's Analytics includes one client that uses the scenario generator for the valuation of their insurance liabilities under Solvency II and IFRS 17.

Meanwhile, another client uses the tool to create risk neutral scenarios for Solvency II computation and reporting, as well as for internal reporting and risk management.