Moody’s Analytics Launches LDTI Solution
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You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information.
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To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information.
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Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
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Please click here for more information on Premium features or contact us.
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NEWS | For Immediate Release
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 particular will benefit from the solution’s subledger, which provides a central data repository where actuarial data and accounting results can be analyzed and reconciled before being sent to a general ledger. The out-of-the-box reports, chart of accounts, and posting logic allow teams to use the software immediately, reducing project implementation timelines. In addition to these preconfigured capabilities, the chart of accounts is designed to easily map against a general ledger’s code block attributes, allowing users to easily streamline, track, and retrieve information.
“The FASB’s targeted improvements to long-duration contracts include some fundamental differences in the financial reporting of insurance contracts. Insurers who report under US GAAP will need to address these differences, along with other challenges, to ensure a quality implementation of LDTI,” said Christophe Burckbuchler, Managing Director at Moody’s Analytics. “The RiskIntegrity for LDTI solution will help insurers tackle these challenges and be well positioned to implement the new standard.”
The launch of RiskIntegrity for LDTI demonstrates our continuous investment in delivering solutions to help insurance companies better understand and manage their risk, actuarial, and finance activities. The Moody’s Analytics suite of risk and finance solutions for insurers also includes the RiskIntegrity™ for IFRS 17 solution and the Moody's Analytics Discount Curve Service for IFRS 17.
Learn more about the Moody’s Analytics RiskIntegrity for LDTI solution.
About Moody’s Analytics
Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organizations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs. For more information about Moody’s Analytics, visit our website or connect with us on Twitter and LinkedIn.
Moody's Analytics, Inc. is a subsidiary of Moody's Corporation (NYSE: MCO). Moody's Corporation reported revenue of $4.8 billion in 2019, employs approximately 11,200 people worldwide and maintains a presence in 40 countries.
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