Norwegian insurer Gjensidige has selected Moody’s Analytics’ Solvency II software, RiskIntegrity, to improve its risk management architecture and also comply with Solvency II.
The selection is based on the solution's out-of-the box regulatory capabilities and user-friendliness, in addition to the company's expertise in implementation of software solutions for international organizations.
RiskIntegrity is an integrated solution designed to provide data management and Solvency Capital Requirement (SCR) calculation and regulatory reporting capabilities.
Gjensidige Solvency II reporting in charge Thomas Bichard-Breaud said the solution's integrated regulatory reporting capabilities that leverages same data used for SCR calculations saving the company significant time and effort during quarterly reporting.
''Moody's Analytics offered us the best solution to help us meet regulatory requirements for our Norwegian, Danish, Swedish and Baltic operations. We preferred the solution's,'' Breaud added.
RiskIntegrity is capable of consolidating regulatory risk data from multiple sources, simultaneously offering risk-type aggregation and SCR calculations with integrated reporting capability.
