Admiral Group Selects Moody’s Analytics ESG for Internal Model Market Risk Calculation. Admiral will be using the Moody’s Analytics Economic Scenario Generator (“ESG”) for market risk calculation as part of their Solvency II Internal Model, and will also use the ESG for investment modelling and stress and scenario testing, benefitting from the flexibility of the ESG solution.
“Admiral’s decision to use the Moody’s Analytics ESG as part of our internal model solution was driven by the breadth of modelling and calibrations it offers,” said Admiral Group CFO Geraint Jones. “The ESG’s flexibility and configurability will allow us to efficiently introduce market risk into our internal modelling capability and provide further insight on investment strategy and risk.”
“We are delighted that Admiral has selected the Moody’s Analytics ESG to address the market risk modelling needs for their internal model,” said Colin Holmes, Managing Director of Insurance Solutions at Moody’s Analytics. “We are excited to start working with Admiral and to add them to the growing group of P&C insurers who are adopting the ESG for both their Solvency II internal models and their investment modelling.”
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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 the proprietary analysis of 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 $3.6 billion in 2016, employs approximately 11,500 people worldwide and maintains a presence in 41 countries. Further information is available at moodysanalytics.com.