The RiskIntegrity for IFRS 17 solution integrates with your existing infrastructure to connect data, models, systems, and processes between actuarial and accounting functions.
Learn more about Moody's Analytics modern and scalable IFRS 17 solution.
Moody’s Analytics is a Category Leader in a new report from Chartis Research that evaluates leading vendors of insurance risk systems. The report's RiskTech Quadrants® for IFRS 17 compliance cover accounting systems, data management and reporting, with Moody’s Analytics earning Category Leader distinction in both.
The report considers the vendors’ "Completeness of Offering" and "Market Potential" and assesses them on a range of specific capabilities.
SOC for Service Organizations
The Moody's Analytics Discount Curve Service for IFRS 17 supports the valuation of an insurer's cash flows to meet the new accounting standard.
The Discount Curve Service for IFRS 17:
This paper discusses the key criteria for VFA eligibility and how they could be assessed using stochastic scenarios.
In recent years, actuarial modeling requirements have continued to expand to meet the ever-changing actuarial and business environment. Our latest insurance whitepaper explores opportunities that can add value to and increase efficiency of the actuarial modeling process. Download the whitepaper to learn more.
Insurers should review their choice of models and calibrations in their scenario generator and validate that they are appropriate for IFRS 17, regardless of whether an insurer is implementing a scenario generator for the first time or is an established user. Read this report to learn more.
In 2019, Moody’s Analytics held an IFRS 17 Roadshow across six cities in Europe and Africa. These roadshows were attended by 185 industry professionals. Download the infographic to learn more about the results from the audience polling during the roadshows .
In this paper, we discuss a proposed accounting scheme for a non-onerous group under the GMM approach, which would be the most typical case for the life business. We suggest some names for accounts, explain which transactions affect the P&L, show how the CSM mechanics translate into journal entries, and propose using suspense accounts to add transparency to the analysis.
In his IFRS 17 Insight whitepaper, Nick Jessop – Senior Director Research, decodes the impact, significance and use of discount curves in the IFRS 17 reporting process.
This research paper discusses the credit risk premium adjustment required for constructing discount rates specified by the IFRS 17 accounting rules. Calculating the credit risk premium is a key requirement in the ‘top down’ yield curve method. It may also be a useful input in computing (or benchmarking) the illiquidity premium for ‘bottom up’ discount rate construction.
This research paper sets out our calibrations of corporate credit yield curves for selected economies at End December 2018 alongside our estimates of the split between credit risk premia and illiquidity premia for the same data.
This new whitepaper in our discount rate series looks at Moody’s Analytics IFRS 17 discount curve methodology. It also shows how we backtested the methodology to understand the decomposition of corporate credit spreads into credit and illiquidity risk.
Applying the illiquidity premium to contracts where stochastic models are used for valuation, presents challenges to which insurers are now turning their attention. In this paper, Steven Morrison compare two potential approaches.
The discount curve is a key element of #IFRS17. There are significant challenges facing actuaries and accountants tasked with selecting and implementing the discount curve methodology for their organization. Download this three-part guide to learn more:
For P&C insurers, the new IFRS 17 insurance contracts accounting standard has created unique challenges. To delve deeper into these challenges, download the new whitepaper.
This paper provides an overview of the IFRS 17 risk adjustment and provides practical insights about calculation methods such as Cost of Capital, Value at Risk (VaR) and Margins for Adverse Deviation.
This paper forms part of series of high-level papers designed to provide an introduction to different features of the risk adjustment that should be considered in advance of implementation.
The IFRS 17 risk adjustment is an influential factor in the pricing of insurance contracts and in how profit from insurance contracts is reported and emerges over time. While the risk adjustment must satisfy certain conditions, the method for its calculation is not prescribed and is the choice of the insurer. As such, there are many potential methods of calculation.
The ability to project financial statements to understand their sensitivity to market risks, insurance risks, and methodology decisions is critical for an effective IFRS 17 implementation. Read this paper to learn why.
This new whitepaper from our profit emergence series looks at the interaction between IFRS 9 and IFRS 17 and considers the impact of different choices of liability discount rate on profit emergence and earnings volatility.
Steven Morrison’s second whitepaper, Profit Emergence under IFRS 17, turns its attention to the Variable Fee Approach (VFA). Explore his practical insights on financial risk and its impact on contracts with participation features.
Across the globe, insurers are counting down to the January 1, 2023 effective date for IFRS 17 implementation. In these webinars, experts will delve into the key challenges and priorities for insurers.