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SINGAPORE, September 10, 2020 – Moody’s Analytics today announced that its software has been selected by Singlife, a leading digital insurer in Singapore. Singlife will use the Moody’s Analytics RiskIntegrity™ for IFRS 17 solution and the Moody’s Analytics Scenario Generator to facilitate its efforts to address the new reporting requirements of the IFRS 17 accounting standard. Designed to support actuaries as well as accounting, finance, and IT professionals, the RiskIntegrity for IFRS 17 solution is available as a software-as-a-service (SaaS) solution and comes with the capabilities required to assist customers in their efforts to efficiently implement the new standard. As a SaaS solution, infrastructure and maintenance is managed by Moody’s Analytics, assisting Singlife in its program to meet initial IFRS 17 requirements, as well as address future updates made to the standard. Singlife will also use the Moody’s Analytics Market-Consistent Scenario Generator as...

Join us for the first webinar in our Moody’s Analytics API Portal Webinar Series. In this session, our technical experts will begin by providing an update on the increasingly important role API’s play in financial services, with a focus on API’s at Moody’s. Followed by an overview of the Moody’s API Portal and API Library. This session is ideal for both business and technical users to understand the diverse data offering Moody’s provides to the market as well as how to access and integrate Moody’s data into your workflows, internal tools, and platforms.

Analysis by David Salz and Thomas P LaSalvia, PhD

In our review of August’s remittances, we’ve noticed some conflicting data, in addition to a multifamily sector displaying its first sign of pandemic related stress. While the overall delinquency rate is fairly stable and even showing signs of decline, the volume of special servicing remains stubbornly high and is inching higher. In certain cuts of the data, we even see sector-specific conflict in terms where stress is hiding and likely to show up in the near future. Specifically, this week we compare month over month data, focusing on a population that includes loans whose servicer comments contained “COVID-19” but not “cancel” (which is used in the comments to indicate the cancellation of relief).

Interestingly, the July and August loan and balance counts within this population are relatively steady across sectors. What is less steady is the payment status of the borrowers with COVID-19 concerns. In July we...

NEW YORK, September 9, 2020 – Moody’s Analytics today announced the launch of the RiskIntegrity™ for LDTI solution, a tool to help insurance companies implement the Financial Accounting Standards Board’s (FASB) targeted improvements to the accounting for long-duration contracts (LDTI). Designed to address the demanding modeling and accounting requirements of LDTI, this new solution integrates seamlessly with the Moody’s Analytics AXIS™ actuarial modeling system and AXIS GAAP Link products, as well as other actuarial modeling tools and general ledger solutions, to deliver a single platform for actuarial analysis, accounting, and reporting. Available as a software-as-a-service solution (SaaS), the tool helps bridge the gap between an insurer’s actuarial engine and general ledger, enabling actuarial and finance teams to work collaboratively to help their firms address the changes to accounting for long-duration insurance contracts. Accounting teams in...

Analysis by David Salz and Thomas P LaSalvia, PhD

Moody’s Analytics recently introduced a new module that identifies credit events in the CMBS universe based upon monthly reporting. In building this module, we wanted to highlight both negative and positive credit events. This week focuses on a positive credit event, a delinquency improvement, which occurs when a previously delinquent loan becomes current through either the execution of a modification agreement or a change in circumstances where the borrower is paying past due amounts. For the month of August, there are over $4 billion of loans that fall into this category. Taking a deeper dive into the top 15 loans, which represent over $2 billion in balance, we see that roughly two-thirds of that balance are loans on retail properties, a little less than 20% are hotels, and the remainder a mix of property types. Approximately one-third of the now current loans are categorized as paid up on their own and two thirds by...

Join us for the first webinar in our Moody’s Analytics API Portal Webinar Series. In this session, our technical experts will begin by providing an update on the increasingly important role API’s play in financial services, with a focus on API’s at Moody’s. Followed by an overview of the Moody’s API Portal and API Library. This session is ideal for both business and technical users to understand the diverse data offering Moody’s provides to the market as well as how to access and integrate Moody’s data into your workflows, internal tools, and platforms.

In this webinar, Moody’s Analytics experts provide an overview of our RiskIntegrity for IFRS 17 solution. They demonstrate the out-of-the-box functionalities that deliver a collaborative, system-agnostic solution to help reduce implementation risk and establish a tenable IFRS 17 process.Topics explored during the webinar include:

NEW YORK, August 24, 2020 – Moody’s Analytics is pleased to announce the addition of artificial intelligence (AI) capabilities to the CreditEdge and RiskCalc solutions. These platforms now incorporate the Moody’s Analytics Credit Sentiment ScoreTM tool, as well as an AI-News feed. These tools use natural language processing and news media text analytics to help customers filter out market noise and find the credit-relevant news about public and private companies in their portfolios. Using these AI-powered features, customers can identify news stories relevant to a company’s credit risk – for instance containing news on defaults, bankruptcies, debt restructuring, lawsuits, and potential financial distress – and score them based on the sentiment of their content towards that company. Together, these resources complement the quantitative credit risk modeling capabilities of the RiskCalc and CreditEdge solutions, and give portfolio and risk managers more...

In times of high market volatility, Risk Officers must provide more frequent visibility into their solvency position to help mitigate any potential risks. In this session, our experts will demonstrate how Moody’s Analytics SolvencyWatch™ solution empowers Risk Officers to frequently monitor their solvency metrics under changing financial market conditions.

Analysis by David Salz and Thomas P LaSalvia, PhD

We have noticed a more common servicer comment lately: “COVID-19 Relief Cancelled. Loan will be removed from the watch list.” Comments similar to this started appearing in May, but given the recent increase, this week we dig a little deeper to see its relation to the July and August remittances and observe the current status of these loans at the reported time of the comment.

In July, approximately 200 loans with a balance of $3.2 billion had a comment mentioning canceled relief. Nearly 50% of the loans were for retail properties versus less than 15% in lodging. This supports our earlier observation regarding a higher rate of loan modifications for lodging properties relative to retail properties. At the time we speculated that servicers were more willing to work with lodging properties given the presence of higher cash reserves and possibly less concern regarding a major structural change for the sector.

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NEW YORK, August 24, 2020 – Moody’s Analytics is pleased to announce the addition of artificial intelligence (AI) capabilities to the CreditEdge and RiskCalc solutions. These platforms now incorporate the Moody’s Analytics Credit Sentiment ScoreTM tool, as well as an AI-News feed. These tools use natural language processing and news media text analytics to help customers filter out market noise and find the credit-relevant news about public and private companies in their portfolios. Using these AI-powered features, customers can identify news stories relevant to a company’s credit risk – for instance containing news on defaults, bankruptcies, debt restructuring, lawsuits, and potential financial distress – and score them based on the sentiment of their content towards that company. Together, these resources complement the quantitative credit risk modeling capabilities of the RiskCalc and CreditEdge solutions, and give portfolio and risk managers more...

We are delighted to announce that voting in the eighth Data Management Insight Awards is now open.

Please join us in our effort to give our marketplace’s strongest performers the recognition they deserve.

Voting closes Midnight (GMT) Monday 21st September 2020.

Vote Now

The ongoing convergence of the Accounting, Actuarial, Risk, and Economics functions are causing foundational shifts for insurance firms worldwide. At Moody’s Analytics Digital IMPACT senior insurance practitioners are invited to an in-depth exploration focused on both the now - and what lies ahead.  

Senior practitioners at insurance and reinsurance firms are invited to attend this inaugural full-day conference. Attendees will learn from experts and peers about the implementation and implications of regulations such as LDTI, IFRS 17, CECL, and IFRS 9. We will also examine relevant topics such as the impact of macroeconomic trends and climate change on the insurance industry.

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Who Should Attend?

Senior Finance, Accounting, Actuarial, IT, Regulators, Controllers, Asset Managers at Insurance and Reinsurance Firms

**Note that the conference is open only to those at insurance and reinsurance firms.

Join us on Tuesday, August 11th for the third in our series of updates to the webinars Moody's Analytics & Raymond James hosted in April & May on the impact of COVID-19 on the economy, mortgages, CRE and U.S. autos. Our third webinar will discuss COVID-19's current impact on commercial real estate.This webinar will provide expert insight and trend analysis of CRE lending in the age of COVID-19. Join John Toohig, Head of Whole Loan Trading at Raymond James, and Victor Calanog, Head of CRE Economics at Moody's Analytics REIS, as they discuss what this means for the industry.

Analysis by David Salz and Thomas P LaSalvia, PhD

The beginning of August appears to mark an inflection point in commercial real estate loan performance. Six months into the COVID-19 crisis, we recognize that many economic supports have expired and new ones are still being debated by our political parties.  We are also at a crossroads of soon ending forbearance mandates, exhaustion of property reserves, and the end of prohibitions on evictions. In addition, the initial cause of this crisis, COVID-19, continues to sustain its threat to our health and thereby restrict social interactions.

With no doubt, multifamily properties have performed far better than expected by most in early March. Second quarter data shows a lack of stress on both the capital and space markets. National vacancies remained below 5% and asking and effective rents declined by a modest 0.4% in the quarter. Transaction volume is certainly stunted, but the few deals that are occurring are...