Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Technology
Technology in Insurance
Return to: IBR Home | Technology | Technology in Insurance

German insurer selects Moody’s Analytics modeling technology

Published 30 May 2018

German insurer Provinzial NordWest has selected Moody’s Analytics modeling technology for actuarial valuations and investment analysis.

Provinzial NordWest will be using the Moody’s Analytics Economic Scenario Generator (“ESG”) in two key areas: insurance liability valuations and investment strategy analysis.

The Moody’s Analytics ESG is an award-winning, comprehensive simulation framework which is deployed by clients across areas such as actuarial reporting, risk and capital calculation and analysis, and investment and ALM analysis. Clients can meet their unique challenges by deploying the ESG with automation software, models, and economic content, for a complete solution.

Provinzial NordWest will combine the ESG with Moody’s Analytics Portfolio Modeller for its stochastic modeling of dynamic, multi-asset investment strategies. Designed to support the evolving needs of investment and ALM teams in asset allocation and portfolio strategy design, Portfolio Modeller can be seamlessly integrated with the Moody’s Analytics ESG.

In addition, Provinzial NordWest will take advantage of Moody’s Analytics Automation Module, which allows insurers to streamline their modeling processes, in turn reducing production timelines and costs by automating model set-up, execution, and validation.

Provinzial NordWest ALM Specialist Wilfried Homann said: “Our decision to partner with Moody’s Analytics was driven by their comprehensive offering.

“The solution provides packaging, modeling, calibration and support services, with usable and intuitive software that allows us to automate key processes.”

Moody’s Analytics insurance solutions managing director Colin Holmes said: “We are delighted that Provinzial NordWest has selected the Moody’s Analytics ESG.

“We are pleased that Provinzial NordWest has joined the large and growing group of insurers that are using ESG for both actuarial applications and investment modeling, and look forward to working with them to accomplish their objectives.”

Source: Company Press Release