The joint alliance with Moody's Analytics will allow us to provide an unparalleled end-to-end solution with a rich blend of domain knowledge, tools and execution capabilities spanning Finance, Actuarial and Operations to help insurers meet the new International Financial Reporting Standard for Insurance contracts (IFRS 17) globally.
Moody's Analytics provides analytical tools and best practices supporting our clients' growth, efficiency and risk management objectives. The combination of our unparalleled expertise in risk, expansive information resources, and innovative application of technology helps today's business leaders confidently navigate the evolving marketplace. We are recognised for our industry-leading solutions, comprising research, data, software and professional services, assembled to deliver a seamless customer experience. Thousands of organisations worldwide have made us their trusted partner because of our uncompromising commitment to quality, client service, and integrity.
Insurers in Asia are confronted with multiple challenges when implementing IFRS 17, including the need to establish a greater collaboration between Actuarial and Accounting systems and functions. New tools that allow actuaries to analyse IFRS 17 results in an auditable and controlled environment are indispensable to allow insurers to produce timely and accurate financial results.