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Moody's Analytics Selected by Finland's Tapiola Insurance for Solvency II Compliance

Moody’s Analytics today announced that Tapiola, a leading insurance company in Finland, has selected Moody’s Analytics’ Solvency II software to enhance its risk management infrastructure and help it to meet the forthcoming Solvency II deadline. The Solvency II software is a single solution that features built-in data management, Solvency Capital Requirement (SCR) calculation and regulatory reporting capabilities, facilitating regulatory compliance through a streamlined process.

According to Tapiola, a key differentiator of Moody’s Analytics Solvency II software is its ‘out-of-the-box’ regulatory capabilities. Another factor was Moody’s Analytics’ award-winning expertise in implementing software solutions for large, multi-faceted organisations.

“Moody’s Analytics Solvency II software is a single streamlined solution that will help us to meet regulatory requirements across all of our Finnish operations. We saw a distinct advantage in the solution’s rationalisation of data quality management, built-in SCR calculation and reporting capabilities,” said Markku Miettinen, Chief Risk Officer, Tapiola.

Christophe Burckbuchler, Senior Director Product Management at Moody’s Analytics, said, “Our new relationship with Tapiola underscores our commitment to serving the Finnish insurance market by providing it with leading risk management solutions. The Solvency II Directive is placing greater pressure on insurance companies to demonstrate accuracy, transparency and completeness in their risk frameworks, and our solution is helping such companies meet this requirement.”

Moody’s Analytics Solvency II solution consolidates regulatory risk data from multiple sources while delivering advanced modelling with comprehensive reporting capabilities. It showcases Moody’s Analytics’ unique combination of technological sophistication and its wealth of experience in delivering large risk management projects around the world.

Moody’s Analytics is one of the global leaders in the provision of risk management solutions, which include its RiskFrontierTM and iESG Modeling Suite from its recent acquisition of Barrie + Hibbert.