Moody's has won InsuranceERM's Solvency II solution of the year award. The judges were particularly impressed that Moody's SolvencyWatch tool provides insurers with real-time updates on key solvency metrics, allowing insurers to make proactive capital management decisions.

The judging panel also commended Moody's for continuing to develop the Solvency II solution and deliver significant performance and cost benefits for our customers and the broader market.

Improvements in the last year by Moody's have focused on enhancements to improve the efficiency of insurers' Solvency processes and production of regulatory submissions.

For example, Moody's has enhanced its modeling and calibration tools to align with evolving regulatory standards impacting global regimes where its largest European customer operate.

The provider has also expanded its Solvency II Calibration Service to cover the Polish economy and broadened data for key European economies.

Moody's has also introduced SaaS automation for market consistent scenario generation, streamlining deployment and boosting operational efficiency for insurers seeking modernisation.