Insurance Technology Featured Article

Gjensidige Deploys RiskIntegrity, Moody's Analytics Solvency II Compliance Solution

January 02, 2013

Gjensidige, a leading Nordic insurance group, is all set to deploy Moody’s Analytics’ Solvency II software, RiskIntegrity. This risk management software will comply with Solvency II directives and help Gjensidige in improving its risk management architecture.

RiskIntegrity is an integrated solution which consolidates regulatory risk data from multiple sources to deliver risk-type aggregation and SCR, Solvency Capital Requirement calculations with integrated reporting capability.

“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 integrated regulatory reporting capabilities, which leverages the same data used for the SCR calculations. This will save us vital time and effort when carrying out our quarterly reporting,” said, Thomas Bichard-Breaud, in charge of Gjensidige’s Solvency II reporting.

Christophe Burckbuchler, senior director of Product Management at Moody’s Analytics, said, “We welcome Gjensidige to our growing list of Solvency II clients. This new relationship underscores our commitment to serving the Scandinavian insurance market, as we grow our insurance business in the region.”

Gjensidige chose RiskIntegrity, Moody’s Analytics Solvency II solution for its user-friendliness and out-of-the box regulatory capabilities. Moody’s Analytics expertise in implementing software solutions for large and international organizations and the solution's out-of-the box regulatory capabilities were also big factors that drove the decision to select RiskIntegrity. This risk management software showcases Moody’s Analytics technological sophistication and its vast experience in handling larges risk management projects all around the world.

Moody’s Analytics in addition to RiskIntegrity, offers comprehensive solutions for insurers including RiskFrontier for credit VAR calculations and the Barrie + Hibbert iESG Modeling Suite which was acquired by Moody’s Analytics in 2011.

Gjensidige has been working for about 200 years now, to secure the lives, health and assets of its customers. It has more than 3,100 employees. It offers insurance products in Norway, Denmark, Sweden and the Baltic states. It also offers banking, pension and savings in Norway.

Moody Analytics offers unique tools and best practices for measuring and managing risks through its expertise and experience in handling projects of credit analysis, economic research and financial risk management successfully the world over. It provides leading-edge software, advisory services and research, including proprietary analyses from Moody’s Investors Services.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Miami 2013, Jan 29- Feb. 1 in Miami, Florida.  Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.




Edited by Rich Steeves

Article comments powered by Disqus

Related Insurance Technology Articles

Bain & Company Offers Global Insurance Customer Loyalty, 2014

Bain & Company, a business consulting firm, has presented report on "Global Insurance Customer Loyalty, 2014". The new comprehensive customer survey and report includes opinions of 158,000 policyholders in 18 countries in Europe, the Americas and Asia. [ Read More ]
07/24/2014

Insurance Noodle Offers Cyber Liability Coverage

Everyone knows about home, auto, and life insurance; they are staples of everyday life that most people have and some cannot imagine going without. Businesses, too, have insurance packages that protect their buildings and other material possessions. In a time when technological possessions are growing in number and importance, though, are businesses adequately covering those assets as well? [ Read More ]
07/23/2014

Mitchell Enhances WorkCenter Solution with New Dispatch Tools

Mitchell, a company serving Property & Casualty (P&C) claims and Collision Repair industries with its technology, connectivity and information solutions, has announced that it has included new enhancements to the Dispatch module of the WorkCenter claims management solution. [ Read More ]
07/22/2014

Oscar Gives Millenials the Healthcare They Want

The "young invincibles" of the millennial generation may finally be courted by the healthcare industry, thanks in part to the health insurance provider Oscar. [ Read More ]
07/17/2014
FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!