RiskIntegrity Suite - Moody's Analytics

Type of System

  • Capital modelling
  • Data management
  • Economic capital aggregation
  • End-to-end ERM or Solvency II solution
  • Internal/external reporting
  • Risk Management

Type of Platform

  • Server-based
  • Web-based
  • Grid

Most recent significant updates:

Regulatory Reporting

Our Regulatory Reporting Module helps Solvency II insurers validate and deliver group and solo entity reporting requirements.

Key developments in last 12 months:

  • Updates to enable clients to meet their 2017 Annual and Quarterly Regulatory submission commitments (including Solvency II reports, Financial Stability reports, ECB reports and Public Disclosure reports).
  • Additional National Specific Templates – Client Specific.
  • Improvements of performance for multiple components or steps, such as the loading of regulatory reports configuration, the processing of validation checks and post-publication rules, the generation of XBRL files, and the display of important pages like Reports Summary and Check Results.

RiskIntegrity™ - Standard Formula

Key developments in last 12 months

  • Updates to enable clients to meet their 2017 Regulatory submission.
  • Additional functions for the 2017 submission: The calculation of ratios and ranking that enable some reports to identify which data are material or not (e.g. material currencies). The calculation of the shift for transitional measures according to the section 13 of the article308b of the Directive 2014/51/EU (16 April 2014).
  • Adjustments on the data mart for reporting, as well as an enhancement on SCR group calculation to comply with an extended case.
  • The SCR calculation on additional types of exposures (qualifying infrastructure investment, securitization products, pooling arrangements).
  • Provision for the calculation of the simplification level 1 of the risk margin.

RiskIntegrity™ Asset Core module

The RiskIntegrity Asset Core module enables users to the generate cash flows, and value a range of assets required by Solvency II standard formula approach.

Key developments in the last 12 months

  • Improved asset coverage, to price and stress a broader range of asset types in line with the regulatory solvency calculation.
  • Apply a weight to a deal book to reflect the exposure to the underlying assets.
  • Valuation Import: For the regulatory solvency calculations, in addition to the in-built asset modeling engine, you can now import your fair values.
  • A new calculation architecture that allows assets to be processed in parallel.

RiskIntegrity™ Capital Aggregator

The RiskIntegrity™ Capital Aggregator aggregates assets and liabilities using a Monte Carlo scenario based approach.

Key developments in last 12 months

  • User interface Import/Export: Enabling users to configure system inputs in csv files.
  • Chart Export: Making it easier for users to export charts and underlying data.
  • Improved Scenario Upload: Making it easier for users to upload large scenario files.
  • Sub-partitioning of Data: Enabling data to be deleted more quickly.
  • Restricted Data Storage for Univariate Calculations.

RiskIntegrity™ Proxy Generator

The RiskIntegrity Proxy Generator Module is an enterprise solution that calibrates proxy functions that can be used to model metrics such as asset and liability values.

Key developments in last 12 months

  • Stress function enhancements
  • Application programming interface (API) for asset pricing tests and run monitoring
  • Usability enhancements

Risk Scenario Generator

The Risk Scenario Generator produces 1 year VaR risk scenarios for market and non-market risks to support capital modelling for insurers.

Key developments in last 12 months

  • The introduction of a new credit statistical model and broadening our range of risk drivers.
  • New Statistical Credit Model, enables an easy and flexible way of modeling default and migration risk in the RSG.
  • Three new auto-correlated risk drivers:
    • Pareto Compound Poisson Risk Driver; This risk driver generates samples from a compound Poisson random variable, where the events follow a Pareto (type i) distribution.
    • Poisson Risk Driver; This risk driver generates samples from a Poisson distributed random variable.
    • Gamma Risk Driver; This risk driver generates samples from a Gamma distributed random variable.
  • Improved performance when running on machines with several cores.
  • Enabled the use of in-memory validation tests using the API.

RiskFoundation™ Platform

Provides a controlled ERM environment to manage business processes in a multi-user/multi-site environment:

Key developments in last 12 months

  • Empowering end users by offering additional automated processes. New performance enhancements, with optimized routines for specific use cases, and security improvements.
  • New features and enhancements to the RiskIntegrity Data model Generator tool to compute additional records and for complex check errors.

Other Features

The offering facilitates

  • Curve-fitting
  • Least-squares Monte Carlo
  • Solvency II standard formula
  • Solvency II internal model

Implementation and Costs

Typical implementation costs:

Moody's Analytics do not disclose pricing. The RiskIntegrity software is based on a subscription or license model. Price depends on size of client and the number of modules purchased.

How long does your software take to implement on site?

Typical implementations last between 1 and 18 months, but is highly dependent on the client size and project scope.

Key attributes of product:

The RiskIntegrity Suite is designed to address insurers' risk and solvency enterprise risk management (ERM) needs, including both regulatory and internal management requirements.

It offers a comprehensive modular solution that can help manage a wide range of finance and risk data, produce risk and solvency analytics to support risk-based decision-making, and generate regulatory and business reporting. A controlled ERM environment allows users to manage risk and solvency business processes in a multi-user/multi-site environment.  In addition, our solution has been optimized for managing risk and finance data, and ensures transparency through its audit and data quality features.

The RiskIntegrity Suite offers an end-to-end regulatory risk and solvency solution, delivering out-of-the box Standard Formula and Internal Model capabilities. It delivers Solvency Capital Requirement (SCR) and Minimum Capital Requirement (MCR) calculations, and regulatory reporting QRT capabilities. It has comprehensive coverage for Standard Formula, and offers complete flexibility for Monte Carlo aggregation to support Internal Model calculations. This is combined with robust data management capabilities and integrated regulatory reporting.