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IFRS 17

The global implementation of International Financial Reporting Standard (IFRS) 17 presents significant challenges around data, systems, processes, modeling, governance, and auditability.

Moody’s is revolutionizing the financial accounting process with cutting-edge solutions designed to navigate the complexities of IFRS 17.

By improving automation, governance, and controls for the IFRS 17 process, we can reduce production time as well as enable managers and auditors to review results with confidence.

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How can we help?

Our integrated, modular solutions simplify your accounting and actuarial processes, helping you respond to the accounting standard efficiently and effectively. 

01
Modern and scalable

Built from the latest cloud technology, our solution has all the Software-as-a-Service benefits, including scalability, continuous updates, lower maintenance costs, and seamless integration into existing infrastructure. 

02
Save time and resources

Meet IFRS 17 requirements with ready-to-use calculations and analytics as well as end-to-end reconciliation and flexible drill-down functionality.

03
Purpose-built

Our end-to-end solution helps insurers connect data, models, systems, and processes between your actuarial and accounting functions, addressing the specific needs of both life and non-life companies as well as credit insurers and reinsurers.

04
Operate with confidence

Advanced reporting, compliance, and audit features, along with streamlined data management, empower insurers to confidently respond to IFRS 17 requirements, ensuring accurate and transparent financial reporting.

Efficient data processes, including automation and integration, enhance reliability and compliance, providing insurers with an extensive audit trail.

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Speak to our team today

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Seguros RGA selects Moody's for IFRS 17

Seguros RGA selected Moody’s to support its IFRS 17 project, using the AXIS™ system for the company's actuarial calculations and processes and the RiskIntegrity™ for IFRS 17 solution for producing financial statements under the new reporting standard.

Solutions

01 RiskIntegrity™ for IFRS 17

RiskIntegrity™ for IFRS 17

The RiskIntegrity for IFRS 17 solution integrates with your existing infrastructure to connect data, models, systems, and processes between actuarial and accounting functions.

Learn more about Moody's scalable IFRS 17 solution.

Watch video
Learn more
02 Discount Curve Service for IFRS 17

Discount Curve Service for IFRS 17

The Moody's Discount Curve Service for IFRS 17 supports the valuation of insurers’ cash flows to meet the new accounting standard:
 

  • Delivers comprehensive calibration content designed to support insurers with the methodology selection, approval processes, and production challenges associated with the discount curve under IFRS 17

  • Helps insurers by providing flexible, granular calibration content they can customize to the specific characteristics of their liabilities

  • Enables actuaries and accountants to navigate the approval process by providing a fully documented methodology

Watch video
Download brochure
03 Scenario Generator

Scenario Generator

The Market-Consistent Scenario Generator provides stochastic asset modeling tools to produce risk-neutral scenarios.

With the Scenario Generator, you can:

  • Use risk-neutral scenarios for liability valuation. Models are calibrated to market data where appropriate, resulting in market-consistent liability values.

  • Gain a robust and easy-to-use automation framework to support the production of many stress and sensitivity calibrations.

  • Benefit from a comprehensive monthly calibration service covering a wide range of economies and asset classes and produced to exacting standards of governance and quality assurance.

  • Receive comprehensive documentation of all models and calibrations, including calibration reports and methods, model methods, assumption updates, and policy and compliance documents.

  • Implement a suite of financial models covering many asset classes and sophistication levels.

  • Reduce run times from hours or days to minutes using the Cloud Burst Service to run the Scenario Generator in the Moody’s-hosted cloud environment.

Download brochure
04 AXIS™ Actuarial system

AXIS™ Actuarial system

The AXIS™ Actuarial system provides the flexibility to deploy large-scale computing power through an advanced cloud-based delivery platform or installed software.

Learn more

RiskIntegrity™ for IFRS 17

The RiskIntegrity for IFRS 17 solution integrates with your existing infrastructure to connect data, models, systems, and processes between actuarial and accounting functions.

Learn more about Moody's scalable IFRS 17 solution.

Watch video
Learn more

Discount Curve Service for IFRS 17

The Moody's Discount Curve Service for IFRS 17 supports the valuation of insurers’ cash flows to meet the new accounting standard:
 

  • Delivers comprehensive calibration content designed to support insurers with the methodology selection, approval processes, and production challenges associated with the discount curve under IFRS 17

  • Helps insurers by providing flexible, granular calibration content they can customize to the specific characteristics of their liabilities

  • Enables actuaries and accountants to navigate the approval process by providing a fully documented methodology

Watch video
Download brochure

Scenario Generator

The Market-Consistent Scenario Generator provides stochastic asset modeling tools to produce risk-neutral scenarios.

With the Scenario Generator, you can:

  • Use risk-neutral scenarios for liability valuation. Models are calibrated to market data where appropriate, resulting in market-consistent liability values.

  • Gain a robust and easy-to-use automation framework to support the production of many stress and sensitivity calibrations.

  • Benefit from a comprehensive monthly calibration service covering a wide range of economies and asset classes and produced to exacting standards of governance and quality assurance.

  • Receive comprehensive documentation of all models and calibrations, including calibration reports and methods, model methods, assumption updates, and policy and compliance documents.

  • Implement a suite of financial models covering many asset classes and sophistication levels.

  • Reduce run times from hours or days to minutes using the Cloud Burst Service to run the Scenario Generator in the Moody’s-hosted cloud environment.

Download brochure

AXIS™ Actuarial system

The AXIS™ Actuarial system provides the flexibility to deploy large-scale computing power through an advanced cloud-based delivery platform or installed software.

Learn more

Related products and services

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RiskIntegrity™ solution for LDTI

Seamless integration of software components to fulfill your individual requirements and save on upfront technology and modeling investments.

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AXIS Actuarial Modeling Solution

A powerful actuarial modeling solution for all actuarial analysis applications related to life insurance and reinsurance. 

Learn more
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Astra Life leads the way in Indonesia with successful completion of IFRS 17 compliance audit review

Astra Life, a leading life insurance company in Indonesia, has proudly announced the adoption of Moody's RiskIntegrity™ solution for IFRS 17, and the subsequent successful completion of their first IFRS 17 compliance audit review, marking a significant milestone in the country's financial landscape.

Learn more

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Speak to our team

Interested in learning more about our offerings? Our solutions specialists are ready to help.