Enterprise Risk Management Technology Guide 2023/24

Moody’s Analytics: Gain a 360-degree view of risks

How can Moody’s Analytics help insurers address climate risk and ESG issues?

Colin HolmesOur strategy is all about helping our customers make better decisions through our integrated risk assessment solutions.

ESG and the impact of climate risk are now significant focal points, for reasons that are well-established. We have invested significantly in recent years and further developed our capabilities this year supporting ESG assessment to meet the increasing demand, as insurers develop and implement strategies for sustainability, and as regulatory and reporting requirements are introduced.

Our ESG and climate scores, data and expertise have equipped market participants across the globe with the understanding they need to manage risks and identify growth opportunities. With the addition of RMS and their deep knowledge and expertise in underwriting and climate modelling, Moody’s is uniquely placed to operationalise the process for integrating ESG into underwriting decision-making. We combine our comprehensive ESG coverage for public and private entities, underpinned by a double materiality approach, delivered by our cloud-based SaaS platform built with the underwriter and portfolio manager in mind.

How do you expect risk modelling to change over the next five years?

As risks are becoming ever more complex, delivering solutions to meet demand for better data, modelling and analytics is critical over the next five years and beyond.

Once again, tragic climate-related events across the globe sharpen the focus on the increased frequency of climate-related losses. More insurers are beginning to make a public declaration on their climate and sustainability strategies. They are also committing to the mandates of net zero industry bodies, such as the Net Zero Insurance Alliance. This turns attention to achieving a consistent risk strategy across business functions and managing reputational risk among a growing range of interested stakeholders.

Michael SteelWe expect to see more developments and a broader range of data and factors included on our Climate Conditioned models. Bringing together our expertise in climate, natural catastrophes, economic and market risk offers insurers a deeper understanding of a more integrated approach in this challenging area. 

We also expect the importance of technology and cyber risk to create potential growth opportunities for insurers in a new risk area. We are continuing to invest heavily in our cyber capabilities and are working to integrate products and services to support insurers as they seek to grow their cyber offerings.

Investments in technology and particularly our cloud solutions, such as RMS® Risk Modeler™ and RMS ExposureIQ™ create a seamless integrated view of risk for an insurer which is embedded into their core workflows. This enables faster, more efficient decision-making as the risk landscape evolves.

Is IFRS 17 and LDTI still a major challenge for insurers at this stage?

Insurers are now in the later stages of their preparations for IFRS 17 and LDTI reporting in 2023. Our teams are focused on giving the help our customers need to be production ready for the reporting deadline. There are of course other insurers and countries with later implementation dates beyond 2023. We are working with them at different stages in the implementation timeline, but they will benefit greatly from the lessons learned in the first wave of implementation and reporting.

We are also working with some insurers who are now assessing if their actuarial and financial reporting capabilities are up to the mark. With the immediate need for a process to be established and defined, the focus is shifting to modernisation.

Beyond accounting standards, we have been engaging with the industry on a fresh IFRS challenge, the new IFRS Sustainability Disclosure Standards. Based on the Task Force on Climate-Related Financial Disclosures (TCFD) and the Sustainability Accounting Standards Board (SASB), the new Sustainability Disclosures that impact both sides of the balance sheet, P&L and cash flows will need to be made at the same time and with the same rigour as financial reporting. 


Guide entries by Moodys Analytics

FactSet Data & Analytics Solutions


Pricing - Tyche Pricing System & Aon Pricing Platform

Reserving - Tyche Reserving System

Aptitude IFRS 17 Solution

Aquantec Ocean

Atidot AI & Analytics Platform - Atidot OPTIMAL




With Profits Payout Monitoring Dashboard

Demographic Experience Monitoring Tool

ATOME: Particles

ATOME: Matter

ADVISE® Enterprise Risk Modeler

Conning Allocation Optimizer™

Conning Climate Risk Analyzer™

FIRM® Portfolio Analyzer

GEMS® Economic Scenario Generator


Detech Optimizer


Dynamo Analytics - Psicle

Incisive Essentials - Xcellerator


Milliman Mind


Solvency II Compliance Assessment Tool

STAR Solutions NAVI

STAR Solutions VEGA

Milliman Mind–IFRS 17



Nodal Claims Triage

Milliman Economic Scenario Generator

Milliman AccuRate Fleet

Milliman Bungalow

Milliman PinPoint


Milliman Long–term care Advanced Risk Analytics™ (Milliman LARA™)

Milliman M-PIRe Valuation & Securitization Software

AXIS™ Actuarial System

Scenario Generation Solutions

Climate Pathways

RiskIntegrity™ Suite

Oasis Loss Modelling Framework


Economic Scenario Generator

Phinsys Insurance Suite



Matching Adjustment Analytics Tool

R³S Software Suite

Mo.net Model Development Studio

Mo.net Operational Modelling Centre

Mo.net Quotations Service

Mo.net Cloud Modelling Service

Mo.net Mobile Modeller

IFRS Assess Enterprise



Governance, Risk & Compliance System


ResQ Financial Reporter






evo-insight - New Actuarial Modelling and Analytical Platform from Zenith

Actuo SII Engine

IFRS17 Solution

Reserving solution

Solvency II solution

Pricing solution

CLARA Casualty Claim Platform (CLARA Triage, CLARA Treatment, CLARA Litigation, CLARA MSP Compliance, CLARA Optics)

Portfolio Manager

JBA Flood Modelling Technology

IFRS Assess and Risk Analyser

Numerix Insurance Suite


Quantee Platform

On-Demand CAT Modelling Services on the Oasis Platform



FE Solvency II

Grace Connect GRC Suite





Escali Financials and Escali Supervision


Quotech Underwriters Workbench

FIS Insurance Risk Suite (formerly known as Prophet)

LCP InsurSight

SS&C Algorithmics for Insurance

True North Data Platform

Balance Sheet Management (BSM)

Economic Scenario Generation (ESG)

MavenBlue Enterprise Pricing Management (EPM)

Optalitix Models and Optalitix Quote

Montoux Actuarial Automation Platform

Iris Actuarial Platform

CyberCube Analytics - Portfolio Manager

R³S Model Packages

R³S Modeler

R³S Process Manager

R³S Development Manager

Decision Focus

Fathom's Product Stack

Capital - Tyche Capital Model & ReMetrica

Incisive Essentials - Concourse


VIPR Insights - Data Analytics


Protecht ERM

Slope Software

Camms GRC Software

Quantee next-generation insurance pricing platform powered by AI

Oversight360, a Sicsic Solution


End User Computing (EUC) and Model Risk Management Software with Inventory, Discovery and Monitoring Modules

XLAudit Spreadsheet Error Analysis and Data Integrity Software


Financial Results Analyzer

Risk Explorer™

RiskAgility FM IFRS 17 Calculation Engine

Predictable Dynamics


RiskAgility Financial Modeller


iReplicate Policyholder Compression

Asseco IFRS 17 Engine