Moody’s Analytics and Actuarial Partners Consulting Announce Collaboration to Offer IFRS 17 Software Solutions and Advisory Services in Asia

Targeted News Service (Press Releases)

HONG KONG, China, Jan. 18 -- Moody's Analytics, a provider of financial intelligence, issued the following news release:

Moody's Analytics, a global provider of financial intelligence, and Actuarial Partners Consulting (APC) have signed a formal partnership to provide insurers in Malaysia and neighboring countries with actuarial consulting services and software solutions to support the implementation of IFRS 17.

APC, a leading actuarial consulting firm based in Malaysia, is joining the Moody's Analytics PartnerAlliance Program. Both companies will help insurance, reinsurance, and takaful clients meet IFRS 17 requirements by utilizing the Moody's Analytics AXIS(TM) actuarial system and the RiskIntegrity(TM) IFRS 17 solution.

"APC's actuarial expertise and strong understanding of the insurance sector in the Asia-Pacific region, combined with Moody's Analytics market-leading solutions, will help insurers address the implementation challenges of IFRS 17," said Andrew Waters, Leader of the Asia-Pacific Insurance Practice at Moody's Analytics. "We look forward to working with APC to further our support for insurers in the region."

Zainal Abidin Mohd Kassim, Managing Director at APC, said, "APC has been serving the Malaysian market and the rest of developing Asia for over 40 years. Working with Moody's Analytics will allow us to bring more value to the market by leveraging the Moody's Analytics solutions to extend our advisory and delivery offering."

As part of this collaboration, APC is becoming a Member of the PartnerAlliance Program.