Moody’s Analytics Wins IFRS 9 Solution Provider of the Year
March 05 2021 - 2:30AM
Business Wire
Moody’s Analytics has won IFRS 9 Solution Provider of the Year
in the 2021 Insurance Asset Risk Awards. It is the latest
recognition for our capabilities in this space following wins for
IFRS 9 – Enterprise Solution of the Year and IFRS 9 – ECL Modelling
Solution of the Year at last year’s Risk Technology Awards.
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Central to our offering for insurers is the ImpairmentStudio™
for IFRS 9 solution, a cloud-based platform that brings together
our award-winning economic scenarios, data, models, and enterprise
software. Financial institutions use it to automate the credit loss
impairment calculations mandated by the new IFRS 9 accounting
standard.
For insurers, these new financial reporting requirements call
for much more granular data than was previously needed. The Moody’s
Analytics offering helps them access and use all of the required
data while managing and monitoring their expected credit
losses.
“The last year has shown us how quickly expected credit losses
under IFRS 9 can change,” said Eric Ebel, Managing Director at
Moody’s Analytics. “With that economic uncertainty persisting, our
customers are looking to our impairment tools—and credible
forecasts—to meet the new standard and to strengthen their
decision-making processes. We’re proud to again be recognized for
the strength of our IFRS 9 offering.”
About Moody’s Analytics
Moody’s Analytics provides financial intelligence and analytical
tools to help business leaders make better, faster decisions. Our
deep risk expertise, expansive information resources, and
innovative application of technology help our clients confidently
navigate an evolving marketplace. We are known for our
industry-leading and award-winning solutions, made up of research,
data, software, and professional services, assembled to deliver a
seamless customer experience. We create confidence in thousands of
organizations worldwide, with our commitment to excellence, open
mindset approach, and focus on meeting customer needs. For more
information about Moody’s Analytics, visit our website or connect
with us on Twitter and LinkedIn.
Moody's Analytics, Inc. is a subsidiary of Moody's Corporation
(NYSE: MCO). Moody’s Corporation reported revenue of $5.4 billion
in 2020, employs approximately 11,400 people worldwide and
maintains a presence in more than 40 countries.
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JUSTIN BURSZTEIN Moody’s Analytics Communications
+1.212.553.1163
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