• Register
Return to: Home > News > Financial Results > Moody’s Analytics enhances capabilities of its IFRS 17 solution

Moody’s Analytics enhances capabilities of its IFRS 17 solution

Moody’s Analytics has added new accounting and reinsurance capabilities to its Risklntegrity™ IFRS 17 solution. The latest enhancements to its accounting functions include the introduction of a Moody's Analytics chart of accounts, end-to-end accounting logic, and mapping from an insurer's accounts to the disclosures of insurance contracts under IFRS 17.

Because the Risklntegrity IFRS 17 solution delivers these and other essential accounting capabilities, insurers may populate the chart of accounts and then generate journal entries to allow for a comprehensive movement analysis and a liability reconciliation analysis.

Insurers can now also use the Risklntegrity IFRS 17 solution to seamlessly capture the measurement of reinsurance contracts held under the new standard, viewing the results through our out-of-the-box financial reports.

"These enhancements to our IFRS 17 solution grew out of feedback from implementation projects with our clients," said Anna Robert, IFRS 17 Product Management at Moody's Analytics. "Our vision is to help insurers effectively manage, accelerate, and deliver their IFRS 17 projects. Central to achieving that is our ability to listen to and support our clients, and to provide the software they need to implement IFRS 17 successfully."

Top Content

    Brazil: regulation and technology form basis for recovery

    Opportunities in the capital markets and the ever-growing influence of technology are expected to have a significant impact on the Brazilian accounting profession over the next 12 months, writes Paul Golden.

    read more

    Mentoring support and the opportunity to delegate

    Jon Lisby will be known to many from his former role as CEO of Kreston International. Here, he explains the background to his new venture, Global Alliance Advisory Services (GAAS), and how he aims to offer support to alliance CEOs.

    read more

    Global by name, global by nature

    Stephen Heathcote became chief executive officer of PrimeGlobal on 1 June 2019. Robin Amlôt met him to discuss the various new challenges that he has taken on, and his ambitions for the association.

    read more

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.