Italian insurance provider Assimoco Group has selected Moody’s Analytics SolvencyWatch solution to monitor key solvency metrics.
The SolvencyWatch solution, which is powered by Moody’s Analytics modelling capabilities, swiftly calculates an insurer’s assets and liabilities to reflect the latest market conditions. This allows chief risk officers (CROs) to monitor their solvency position in real time.
The tool’s intuitive dashboard enables CROs and risk teams to visualise the impact on crucial solvency metrics under changes to market and non-market risks. It will help them to communicate to stakeholders on what is driving changes in the metrics.
Assimoco Group general managerRuggeroFrecchiami said: “The Moody’s Analytics SolvencyWatch solution will allow us to monitor our solvency position frequently, accurately, and cost effectively.
“This is critical for managing our capital position, and for understanding the potential impact of future market movements on our business.”
Moody’s Analytics senior director Jack Cheyne said: “In the current environment, our customers are looking for solutions that deliver timely, actionable financial analytics to help senior management monitor their solvency position.
“We are delighted that Assimoco Group will be using our SolvencyWatch solution to deliver this vital capability.”
Moody’s Analytics offers financial intelligence and analytical tools worldwide. It is a subsidiary of Moody’s Corporation.