Moody's Analytics Selected By Norway's Gjensidige Insurance for Solvency II Compliance

London - 18 December 2012

Moody’s Analytics today announced that Gjensidige, one of Norway’s leading insurance companies, has selected Moody’s Analytics’ Solvency II software, RiskIntegrity™, to enhance its risk management architecture and help it comply with Solvency II. RiskIntegrity is an integrated solution that offers data management and Solvency Capital Requirement (SCR) calculation and regulatory reporting capabilities.

Gjensidige chose Moody’s Analytics Solvency II solution for its out-of-the box regulatory capabilities and user-friendliness. Another factor was Moody’s Analytics expertise in implementing software solutions for large, international organisations.

“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.”

RiskIntegrity consolidates regulatory risk data from multiple sources while delivering risk-type aggregation and SCR calculations with integrated reporting capability. It showcases Moody’s Analytics combination of technological sophistication and its wealth of experience in handling large risk management projects around the world.

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

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development