Moody’s Analytics Named Category Leader in Chartis IFRS 17 Report

2019 MAY 10 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Moody’s Analytics, a global provider of financial intelligence, has been named a Category Leader in “IFRS 17 Technology Solutions: Market and Vendor Landscape 2019”, a new Chartis Research report that assesses 10 leading vendors of IFRS 17 solutions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190429005186/en/ (Graphic: Business Wire) The report evaluates the vendors on six core capabilities. Moody’s Analytics was recognized for offering “Best-in-class” capabilities in three categories (data management, reporting, and validation and model capabilities) and “Advanced” capabilities in the other three (data warehouse, insurance contract qualification, and accounting recognition).

The Moody’s Analytics RiskIntegrity™ IFRS 17 platform is a cloud-enabled, out-of-the-box solution that helps insurers meet the stringent new reporting requirements of the International Financial Reporting Standard (IFRS) 17 accounting standard.

Designed to support the demanding needs of actuaries, accountants, and IT professionals, the platform comes with all the capabilities required for an efficient implementation of IFRS 17. It is available as a software-as-a-service solution.

“We’re thrilled that Chartis has recognized our IFRS 17 offering with the Category Leader distinction,” said Christophe Burckbuchler, Head of Insurance Strategy and IFRS 17 Solutions at Moody’s Analytics. “IFRS 17 presents insurers with many operational challenges, such as data preparation, modeling, and governance, that span actuarial and accounting functions. Our RiskIntegrity IFRS 17 solution works with our clients’ existing infrastructure and creates efficient processes that make it easy for these professionals to work together.”

Insurers interested in learning more about the RiskIntegrity IFRS 17 solution are encouraged to attend a complimentary IFRS 17 roadshow event. This series of events features Moody’s Analytics and insurance industry experts, who together examine the challenges-and opportunities-of IFRS 17 implementation. Events are currently taking place across Europe and in South Africa.

For the latest Moody’s Analytics IFRS 17 insight, visit our IFRS 17 Thought Leadership Center.

In the last year, Chartis Research has also recognized Moody’s Analytics Model Validation, CECL, Credit Risk (banking book), and Balance Sheet Management solutions with the Category Leader distinction. Click here to learn more about the RiskIntegrity™ IFRS 17 solution. About Moody’s AnalyticsMoody’s Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organizations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs. For more information about Moody’s Analytics, visit our website or connect with us on Twitter and LinkedIn.

Moody’s Analytics, Inc. is a subsidiary of Moody’s Corporation (NYSE:MCO). Moody’s Corporation reported revenue of $4.4 billion in 2018, employs approximately 13,200 people worldwide and maintains a presence in 42 countries. About Chartis ResearchChartis Research is the leading provider of research and analysis on the global market for risk technology. It is part of Infopro Digital, which owns market-leading brands such as Risk and WatersTechnology. Chartis’ goal is to support enterprises as they drive business performance through improved risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology. Further information is available at chartis-research.com.

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