General Insurance Article - Moody’s acquires GGY


Moody’s Corporation announced today that it has acquired GGY, a leading provider of advanced actuarial software for the global life insurance industry. Combined with Moody’s Analytics’ insurance risk products, the acquisition creates an industry-leading enterprise risk offering for global life insurers and reinsurers.

 GGY’s AXIS Actuarial System is widely used by leading global life insurers, reinsurers and consultants for pricing, reserving, ALM (asset liability management), financial modeling, capital calculations and hedging. Available through an advanced cloud-based delivery platform or as installed software, GGY’s solutions give customers the flexibility to rapidly deploy large-scale computing power increasingly required for complex insurance analytics. 

 “The addition of GGY’s powerful actuarial solutions significantly extends Moody’s Analytics’ capabilities for our insurance customers,” said Mark Almeida, President of Moody’s Analytics. “GGY’s products are widely used throughout the life insurance industry, and offer best-in-class analytical capabilities and flexible deployment options that provide significant cost and operational risk reductions.”

 The AXIS product suite complements an array of risk solutions for insurers offered by Moody’s Analytics, including data management, workflow, regulatory capital and reporting capabilities, as well as advanced simulation and credit modeling capabilities.

 The terms of the transaction, which is expected to be $0.02 dilutive to Moody’s EPS in 2016, were not disclosed. GGY had approximately $28 million in annual revenue in 2015.
  

Back to Index


Similar News to this Story

FSCS expects to pay GBP38m less in compensation to consumers
The Financial Services Compensation Scheme (FSCS) has today lowered its annual levy expectation for 2025/26 to £356m – this is £36m lower than its for
FCA sets out proposals to simplify firm complaints
The FCA has set out proposals to improve and streamline the way in which firms report customer complaints to the regulator.
IPT kicks off 2025 to 2026 tax year with record monthly high
According HMRC data, Insurance Premium Tax (IPT) receipts hit £648 million in April 2025 – kicking off the start of the new tax year at a record high.

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.