RSA Signs Up to Moody s Analytics Discount Curve Service for IFRS 17
Moody s Analytics today announced that general insurance company RSA has signed up to the Moody s Analytics Discount Curve Service for IFRS 17 to assist with building the discount curves required to value its liabilities under the new accounting standard.
Under IFRS 17, insurance companies will need to construct and apply discount curves, which include an estimation of the illiquidity of their liabilities, when valuing their insurance contracts. Built on our modeling and calibration expertise, the Moody s Analytics Discount Curve Service for IFRS 17 delivers flexible yield curves and granular illiquidity premium term structures for a range of economies and credit classes, driven by the Moody s Analytics CreditEdge solution.
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Moody’s Analytics Signs Cocolife, Continues RiskIntegrity™ for IFRS 17 Expansion in Asia
February 17, 2021 GMT
SINGAPORE (BUSINESS WIRE) Feb 16, 2021
Moody’s Analytics today announced that Philippines-based life insurance company Cocolife will use the Moody’s Analytics RiskIntegrity for IFRS 17 solution to support its implementation of the new IFRS 17 accounting standard.
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Cocolife selected the RiskIntegrity for IFRS 17 solution for its breadth of functionality and out-of-the box calculations and analytical capabilities, which help life and non-life insurers address the demanding data volume and new calculations needed for the IFRS 17 standard.
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Moody s Analytics has won Buy-Side ALM Product of the Year at the 2021 Risk Markets Technology Awards for our PFaroe DB solution. RiskFirst, which Moody s acquired in 2019, won this award for the PFaroe DB offering in each of the last three years.
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Defined benefit (DB) pension plans and their advisers need to evaluate asset and liability risk from multiple perspectives; the PFaroe DB solution makes that possible. To enrich their holistic understanding of a plan s risk even further, stakeholders can also perform real-time scenario stress testing within the platform.
Moody s Analytics Wins European Pensions Innovation Award
Moody s Analytics has won the European Pensions Innovation Award (Technology) at the 2020 European Pensions Awards. We earned this award for our PFaroe DB solution, used by defined benefit pension plans and their advisers to evaluate risk from a multitude of perspectives.
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Our solution facilitates thorough and informed analysis of a plan s overall position, delivering a transparent view of all asset and liability risk by pulling together otherwise fragmented information. All stakeholders have the same cross balance-sheet view, enabling them to make better and more strategic decisions.
Moody s Analytics: Bureau van Dijk Wins Again for Best Entity Data Solution
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We earned this continued recognition because of Bureau van Dijk s Orbis entity data solution. Orbis covers companies in every country with overall coverage that will soon surpass 400 million entities. Orbis also lets clients examine an increasingly wide range of entities-with financial data, M&A deal information, adverse media, and more-and makes clear how different entities are linked to each other.
Moving into 2021, Orbis will see the integration of data from two recent Moody s acquisitions: RDC and Acquire Media. More adverse media and risk events in Orbis, along with more news and alerts, will contribute to quicker and more comprehensive third-party screening and onboarding. Aiding clients further, the data provided in Orbis now also includes credit risk scores which respond to