Best regulatory reporting software: Moody's Analytics RiskIntegrity Suite
Since the implementation of the Solvency II, re/insurers have been under increased pressure to report to national authorities, for both prudential and financial stability purposes.
The time between the financial year-end and the reporting deadline has been shortened from months to weeks, and data requirements are increasingly granular.
Moody's Analytics insurance regulatory reporting solution helps clients meet their requirements for more frequent and timely reporting.
It supports the delivery of quarterly and annual quantitative reports, for groups and solo entities. Regardless of whether firms use the standard formula or an internal model, the solution enables rapid submission of quantitative reporting templates.
In addition to Solvency II data, insurers can use it to compile financial stability reports, European Central Bank reports and public disclosures.
The solution is also constantly updated to reflect changes in reporting templates.
The judging panel described Moody's Analytics RiskIntegrity Suite as the "stand out offering in terms of depth and endorsements".