Best ERM end-to-end solution: Moody’s Analytics
Management teams at insurers are always asking for more from their risk and capital functions. As well as satisfying regulatory and governance priorities, these functions are increasingly being called on to support the wider business, producing what-if analysis and other information useful to management.
Choosing a software system to support this work is not straightforward. Applications need to be fast, effective and responsive – and need to integrate seamlessly.
Our judges thought Moody’s Analytics offered the best combination of these requirements, and for offering powerful tools backed by a deep risk knowledge.
The firm’s comprehensive modular solution can help firms manage a wide range of finance and risk data, produce risk and solvency analytics, and generate regulatory and business reporting – all in a multi-user enabled, audited environment.
“Moody’s Analytics expect to see significant change in insurers’ enterprise risk management (ERM) modelling capabilities over the next few years as insurance companies invest in their modelling and analytics capability. Senior management want to assess the impact of different business scenarios and management actions to inform decision-making,” says director Andrew Boddie.
Moody’s Analytics’ solution comprises the RiskIntegrity suite of solutions for solvency measurement, reporting and business insight, which are complemented by its market-leading Scenario Generation Solutions, Axis actuarial modelling system.
New for 2018 was the RiskIntegrity Insight solution, which aims to support senior management decision-making.
Designed to sit on top of existing infrastructure of models and data, the tool allows insurers to project financial and risk metrics under alternative forward-looking economic and insurance-risk scenarios.
This can help inform business projections, business planning, stress testing, and own risk and solvency assessments.