Moody’s Analytics Selected by Norway’s Gjensidige Insurance for Solvency II
LONDON -- December 18, 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
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,
“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
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.
For more information, please visit www.moodysanalytics.com/riskintegrity.
About Moody’s Analytics
Moody’s Analytics helps capital markets and risk management professionals
worldwide respond to an evolving marketplace with confidence. The company
offers unique tools and best practices for measuring and managing risk through
expertise and experience in credit analysis, economic research and financial
risk management. By providing leading-edge software, advisory services and
research, including proprietary analyses from Moody’s Investors Service,
Moody’s Analytics integrates and customizes its offerings to address specific
business challenges. Moody's Analytics is a subsidiary of Moody's Corporation
(NYSE: MCO), which reported revenue of $2.3 billion in 2011, employs
approximately 6,700 people worldwide and has a presence in 28 countries.
Further information is available at www.moodysanalytics.com.
Gjensidige is a leading Nordic insurance group built by customers, for
customers. The Group has been listed on the Oslo Stock Exchange since 2010.
For nearly 200 years, we have worked passionately to secure the lives, health
and assets of our customers. We have about 3,100 employees and offer insurance
products in Norway, Denmark, Sweden and the Baltic states. In Norway, we also
offer banking, pension and savings. Operating income was NOK 19.4 billion in
2011, while total assets was NOK 88.5 billion.
Jessica Schaefer, 212-553-4494
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