IFRS 17

Financial planning and analysis processes form the core of any insurance company's financial operations, enabling projections of profitability and financial standing. This complex process necessitates collaboration across various finance and risk teams. The introduction of IFRS 17 has added more complexity, demanding more detailed projections and fundamental changes to profit and loss, and balance sheet line items, rendering some existing tools and models obsolete.

The RiskIntegrity Financial Forecast module helps our RiskIntegrity™ for IFRS 17 customers meet their forecasting and reporting requirements. It provides advanced analytics, scenario analysis, and insights that help organizations navigate the complexities of financial risk management in a post-IFRS 17 world.

The Market-Consistent Scenario Generator provides stochastic asset modeling tools to produce risk-neutral scenarios.

With the Scenario Generator, you can:

• Use risk-neutral scenarios for liability valuation. Models are calibrated to market data where appropriate, resulting in market-consistent liability values.
  
  

• Gain a robust and easy-to-use automation framework to support the production of many stress and sensitivity calibrations.
  
  

• Benefit from a comprehensive monthly calibration service covering a wide range of economies and asset classes and produced to exacting standards of governance and quality assurance.
  
  

• Receive comprehensive documentation of all models and calibrations, including calibration reports and methods, model methods, assumption updates, and policy and compliance documents.
  
  

• Implement a suite of financial models covering many asset classes and sophistication levels.
  
  

• Reduce run times from hours or days to minutes using the Cloud Burst Service to run the Scenario Generator in the Moody’s-hosted cloud environment.