Moody’s Analytics has announced the addition of RiskIntegrity to its Enterprise Risk Solutions Suite. A comprehensive Solvency II compliance solution, RiskIntegrity helps risk professionals to calculate, consolidate and report on an organisation’s insurance portfolio, including life, non-life, operational, health and credit default risk.
Moody's says “From sourcing and consolidating the data, to creating and delivering regulatory reports on time, insurers are under ever-growing pressure to comply. Building on our existing Solvency II capabilities, RiskIntegrity offers a user-friendly solution that will help meet these challenges, while delivering streamlined processes and greater risk insight.”
Building on its predecessor, Fermat Solvency II, RiskIntegrity offers clients improved process management capabilities and increased automation by embedding the European Insurance and Occupational Pensions Authority’s (EIOPA) latest suite of Quantitative Reporting Templates (QRTs). This helps insurers to efficiently calculate and report on their group- and solo-entity level Solvency Capital Requirement (SCR) on the basis of the Standard Formula. The compliance solution also performs thousands of data quality checks and provides audit and tracking capabilities as well as compatibility with leading actuarial solutions.
“Solvency II is challenging the ability of insurers, both in Europe and globally, to assess their current data, analytics, and reporting infrastructure,” says Christophe Burckbuchler, senior director, Solvency II Solutions at Moody’s Analytics. “From sourcing and consolidating the data, to creating and delivering regulatory reports on time, insurers are under ever-growing pressure to comply. Building on our existing Solvency II capabilities, RiskIntegrity offers a user-friendly solution that will help meet these challenges, while delivering streamlined processes and greater risk insight.”
RiskIntegrity can be integrated with Moody’s Analytics other compliance solutions to deliver comprehensive regulatory capital and compliance management. RiskFoundation, the cornerstone of Moody’s Analytics enterprise risk solutions, offers a robust datamart to consolidate, cleanse and store risk and finance data.
Moody’s Analytics offers a range of insurance solutions including RiskFrontier for credit VAR calculations and Moody’s Analytics Economic Scenario Generation solutions from its acquisition of Barrie & Hibbert.
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