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.

SYDNEY, June 17, 2020 - A new index launched by Moody's Analytics in collaboration with Datium Insights reveals that Australian wholesale used-vehicle prices increased by 10.6% from April to May for this year. This follows a price contraction of 14% over March and April, which means prices are almost back to pre-pandemic levels and are on par with May 2019.

“The used-vehicle market benefits from a few distinct factors supporting price stability until economic acceleration can restart. Supply constraints, the substitution effect, low fuel costs, and a decline in use of public transportation have all helped prices bounce back from April lows,” explained Michael Brisson, Auto Economist at Moody’s Analytics. 

Jun 18, 2020 | 2 PM ET/11 AM PT Hosted by American Banker

The current economic environment has left many with the desire to adjust their risk ratings to account for the rapidly changing credit conditions and additional stress on debtors. This might mean adjusting ratings that use stale financial statements, so that the rating more accurately reflects the current state of the borrower. Otherwise, a projection of what a debtor's rating might be in the future could also be useful, as this information can inform planning efforts. For example, many firms will look to refinance their maturing debts in the coming months; as liquidity and even solvency issues will be rampant, projecting a rating for these credits will allow financial institutions to establish an effective plan.

In this webinar, we will discuss how to incorporate management process factors into your portfolio. These factors include...

?LONDON, June 9, 2020 – Moody’s Analytics, a leading provider of financial intelligence, announced today that Bank of Georgia has selected the CreditLens solution to digitize and automate its business lending processes.

Built on the latest cloud-based technology, the CreditLens platform helps businesses digitally transform their commercial credit processes to make faster and better-informed decisions. It applies artificial intelligence and machine learning to facilitate process automation and help clients improve efficiency, reduce errors, and streamline workflows.

Bank of Georgia is the largest universal bank in the country of Georgia, serving more than 2.4 million clients through one of the widest services distribution networks in the Caucasus region. “The CreditLens solution will be a cornerstone of our organizational transformation,” said Giorgi Chiladze, Bank of Georgia’s Chief Risk Officer. “We will use it to integrate and automate...

JUNE 2020 theactuary.com

The magazine of the Institute and Faculty of Actuaries ALSO INSIDE

JOHN TAYLOR DISCUSSES MENTAL HEALTH

The value of reaching out

Interview Nick Higham Mathematics, machine learning and Manchester

Pensions Behind the scenes at the Pension Protection Fund

Modelling

HIDDEN IN THE FIGURES

Calculating one-year reserve risk

Can we remove indirect discrimination from pricing models? 1 COVER_The Actuary June 2020_The Actuary 1

22/05/2020 10:14

NEW YORK, June 4, 2020 – According to the Moody’s Analytics baseline economic forecast, real global GDP will fall by 4.5% this year as a result of COVID-19. Our base case for the US suggests that it will take until mid-decade for the economy to return to full-employment. Mark Zandi, Chief Economist at Moody’s Analytics, describes the outlook in a new paper, Handicapping the Paths for the Pandemic Economy. “COVID-19 has caused massive damage to the global economy. Quickly reopening economies will boost growth by unleashing pent-up demand, but will also raise the specter of a re-intensification of COVID-19 and another economic downdraft, which could lead to a worldwide depression. We construct our economic forecasts to help market participants navigate this daunting uncertainty and make better decisions,” said Mr. Zandi. The Moody’s Analytics baseline economic forecast represents our view of the most likely trajectory for the global economy. The baseline forecast is...

NEW YORK, June 4, 2020 – Moody’s Analytics has added new capabilities to its small business loan application and lending portal to help banks process loan forgiveness applications under the CARES Act Paycheck Protection Program (PPP). Designed to help financial institutions manage and streamline the loan forgiveness process, the portal is available for free to all lenders seeking to process loan forgiveness applications and documents. The secure online portal allows lenders to digitally gather the required information and documents, track the status of borrowers and their documents in real time, and receive alerts on each submission. “Moody’s Analytics is providing banks with a secure way to invite and receive digital documents for loan forgiveness, for small business owners who have been hard hit by the pandemic,” said Matthew Long, EVP, Chief Operating Officer at Ephrata National Bank. “We’re thrilled to have access to a digital, automated solution...

NEW YORK, June 4, 2020 – According to the Moody’s Analytics baseline economic forecast, real global GDP will fall by 4.5% this year as a result of COVID-19. Our base case for the US suggests that it will take until mid-decade for the economy to return to full-employment. Mark Zandi, Chief Economist at Moody’s Analytics, describes the outlook in a new paper, Handicapping the Paths for the Pandemic Economy. “COVID-19 has caused massive damage to the global economy. Quickly reopening economies will boost growth by unleashing pent-up demand, but will also raise the specter of a re-intensification of COVID-19 and another economic downdraft, which could lead to a worldwide depression. We construct our economic forecasts to help market participants navigate this daunting uncertainty and make better decisions,” said Mr. Zandi. The Moody’s Analytics baseline economic forecast represents our view of the most likely trajectory for the global economy. The baseline forecast is...

The recently adopted expected loss allowance accounting standards—CECL under US GAAP and IFRS 9 internationally—represent a significant change for many companies worldwide.The insurance sector is one of the most affected industries, as the changes required to transition to the new standards go far beyond your allowance and have implications across the organization.

In this webinar series, experts in these standards will go into detail about some of the most immediate challenges involved in the transition to the new accounting guidance.Discussions will focus on what these changes mean, specifically for insurers.Also, the experts will focus on how insurers can prepare for the transition and successfully operate after transition.

Join us in this series as we explore the new accounting standards and their implications.

?

NEW YORK, June 3, 2020 – Moody’s Analytics has launched Coronavirus Pulse, a machine learning-enabled tool for gauging COVID-19 news sentiment. This tool allows market participants to search for real-time news coverage, see COVID-19-related news stories about a chosen financial institution, company or sector, and view whether each story has adverse, neutral, or positive sentiment.

Coronavirus Pulse can be accessed free of charge from the Moody's Coronavirus Effects web page, which offers research and views on the credit and economic impacts of the pandemic.

“As the coronavirus crisis evolves, we recognize that comprehensive and timely information is imperative to decision makers,” said Keith Berry, Executive Director of Moody’s Analytics Accelerator. “Coronavirus Pulse complements quantitative analysis by helping market participants more efficiently identify emerging risk themes for the sectors they monitor.”

Coronavirus Pulse uses machine...

Announcement: Access the latest SOA updates on COVID-19 at SOA.org/covid-19.

Due to unusually high email volume in Customer Service, you may experience a longer response time than usual. We apologize for any inconvenience this may cause.

The Moody’s Analytics Discount Curve Service for IFRS 17 supports the valuation of an insurer’s cash flows to meet the new accounting standard. The Discount Curve Service for IFRS 17:

Delivers comprehensive calibration content designed to support insurers with the methodology selection, approval processes, and production challenges associated with the discount curve under IFRS 17

Helps insurers by providing flexible, granular calibration content that they can customize to the specific characteristics of their liabilities

Enables actuaries and accountants to navigate the approval process by providing a fully documented methodology

To learn more, fill out the form to schedule a free demo.

Stay informed on the challenges and new market events facing the industry with IFRS 17: Voices of our Experts. The video series covers key topics such as the delay in the IFRS 17 effective date, the impact of COVID-19 on implementation, and IFRS 17 discount curves and reporting challenges. To learn more about the Moody’s Analytics solution for IFRS 17, visit us at https://bit.ly/2vdGSbl © 2020 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video.

LONDON, May 27, 2020 – Moody’s Analytics, a global provider of financial intelligence, today announced that its software has been selected by Optimum Reassurance Inc., a leading privately-owned reinsurance company in Canada. Optimum Reassurance Inc., and affiliates of Optimum Group, will use the Moody’s Analytics RiskIntegrity™ for IFRS 17 solution to meet the IFRS 17 reporting needs of their life insurance and reinsurance operations in Canada, the US, the Caribbean, and Europe. Designed to support the requirements of actuaries, and accounting, finance, and IT professionals, the RiskIntegrity for IFRS 17 solution comes with all the capabilities required to efficiently implement the new standard. Available as a software-as-a-service solution, it integrates seamlessly with an insurer’s existing infrastructure, connecting data, models, systems, and processes between actuarial and finance functions. “IFRS 17 is significantly changing how insurers and reinsurers...