For insurers, these new financial reporting requirements call for much more granular data than was previously needed. The Moody’s Analytics offering helps them access and use all of the required data while managing and monitoring their expected credit losses.
The upheaval caused by COVID-19 reminds us that the expected credit losses that must be calculated for IFRS 9 can change quickly and dramatically, given the varying paths the economy can take.
Moody's Analytics has won IFRS 9 Enterprise Solution of the Year at the Risk Technology Awards for the second straight year.
Our two wins in the Current Expected Credit Loss (CECL) and IFRS 9 categories reflect how we combine credit risk expertise with accounting best practices to automate and simplify processes under the new global allowance standards.
Moody’s Analytics, a global provider of financial intelligence, has won the IFRS 9 Product of the Year category at the Asia Risk Awards 2019.