Assess Risk and Strategy
The Moody's insurance solutions consulting services team leverages decades of experience to assess your current risk position and identify the best ways to use catastrophe analytics.
Benefits
Enhance your catastrophe management strategy and operations after assessing your risk and your business maturity.
Focus on What Matters Most
Assessment projects measure your baseline – whether it is your risk profile, the quality of your exposure data, or your business processes. With a baseline established, you can identify opportunities and prioritize your attention and investment on what matters most.
Differentiate Your Business
Extend and tailor your strategy in a way that reflects your unique risk and business profile and your internal expertise. A differentiated view of risk will help you outperform and set you apart from peers.
Build Confidence and Reduce Uncertainty
An assessment project helps you formulate any business plan by providing the quantified benefits and actionable steps to execute your plan with confidence and optimally manage risk.
A Strategic Approach to Risk
We start by understanding your company’s business priorities and current challenges to help contextualize the results and ensure projects offer actionable recommendations.
Risk Review
A risk review establishes a baseline understanding of exposure and quantifies the materiality of risk. This view informs where there are opportunities and unknown risks relative to your business objectives. Projects include climate change impact analyses, portfolio modeling of cyber risk, excess mortality and longevity assessments, mortgage default analyses, exposure data quality assessments, etc.
Custom View of Risk
Moody's RMS Models enable clients to validate each component and gain comfort ahead of production usage. Many clients take it a step further and differentiate their view of risk by applying unique experience and data to customize model components. A custom view helps clients attain a view of risk that best represents their exposure and unique business characteristics.
Risk Transfer
Moody's insurance solutions supports the design and analysis of risk transfer triggers and other innovative financial products linked to insurance and physical resilience. Our services include feasibility and trigger design, expert risk analysis for catastrophe bonds, reset and post-event calculation services, investor analytics, and insurance-linked securities (ILS) portfolio analytics.
Assess Maturity
The proprietary benchmarking methodology from the insurance solutions team at Moody's evaluates the maturity of an organization’s domain expertise, processes, and technology across key catastrophe management business areas. Your executive team will gain understanding on how your process compares to peers, and it will receive actionable and prioritized recommendations that are aligned with your strategic priorities.
Assess Solutions and Workflow
Solution and workflow assessment engagements help clients plan for and design their ideal business process for catastrophe risk management. We identify how Moody's RMS Models, software, data, and services offer a solution, including an implementation plan, as well as the benefits and costs of transformation.
Customer Success
A Mature Approach to Exposure and Catastrophe Risk Management
IRB Brasil Re has a history of reinsurance market leadership in Latin America and continues to maintain that position in nine of its 11 business lines, while also growing to be among the 10 largest reinsurers in the world in market value. Looking ahead, international expansion and achieving greater efficiency across risk and exposure management processes are core to maintaining and expanding market position.
Getting Ahead of the Curve on Data Quality
Incomplete or inaccurate data assessment can bias model results. In our latest Illustrate case study, we look at how the insurance solutions team at Moody's worked with Securis to enhance the quality of its cedant-provided data.
Resources
Taking the Guesswork out of Climate Change Metrics
The insurance industry is getting familiar with the brave new world of climate change metrics. Regulators and stakeholders are asking questions about the impacts of climate change in terms of increased losses on their portfolios – be it insured losses or reductions in asset values. From the U.K. Prudential Regulation Authority (PRA) Climate Biennial Exploratory Scenario (CBES) to the Task Force for Climate-Related Financial Disclosures (TCFD), (re)insurers are having to rapidly adapt and respond to requests for ...
Insurance-Linked Securities: Demonstrating Resilience Thro...
Despite being a relatively new asset class, the insurance-linked securities (ILS) market has had its fair share of milestones when it comes to the spreads available at issuance. Spreads are defined as the “coupon,” or interest payments, that are in excess of a high-quality or risk-free collateral return. Figure 1 charts the average coupon/expected loss multiple for catastrophe bond transactions issued each year from 1997 to the present day. This shows the multiple of the expected loss that investors are receivin...
Defining an Analytics Strategy to Scale Your Business
It is a constant challenge for any fast-growing business to ensure that their systems and processes continually evolve, to improve efficiency and decision-making and enhance customer experience. As a sector which has seen rapid expansion, insurance-linked securities (ILS) businesses understand these growing pains. When the business grows, so does the complexity—stakeholder demands and associated reporting increases, and the need for strong analytics and effective risk modeling really comes into play. I recent...
Bank of England CBES: Five Thoughts on Tackling Climate Ch...
The Bank of England’s Climate Biennial Exploratory Scenario (CBES) exercise launches in June, with submissions required by the end of September 2021. Less than four months remain until the official launch, so the Bank of England (BoE) is engaging early with invited insurers and banks to ensure they understand the direction and scope of the assessment. Announced in December 2019, the BoE’s stated objective for the CBES is “to test the resilience of the current business models of the largest banks, insurers, an...
Risk Maturity Benchmarking Example: IRB Brasil Re
In our previous blog post, we reviewed how RMS has developed Risk Maturity Benchmarking, a tool to help clients understand their current processes and maturity and create a blueprint for improvement tied to their business strategy. In 2017, RMS conducted a Risk Maturity Benchmarking (RMB) study for IRB Brasil Re – click here to read the full case study, to assist IRB on the implementation of their three-year transformation plan. The IRB Transformation Plan objectives were closely aligned to...
Risk Strategy Services
Helping cat risk managers to improve performance, increase resilience, and drive responsible growth.
Solution Assessment
Learn how RMS helps to design a solution that supports strategic goals.
Risk Maturity Benchmarking: Riding the Wave of Change
Helping clients through the evolution of catastrophe modeling is a core mission for RMS Consulting. To assist in the process we have developed a tool called Risk Maturity Benchmarking, which we’ll introduce below, that helps our customers do this. Secondly, we will review an example where we have applied this framework with a client to create their own target operating model for catastrophe risk. I don’t believe we would have achieved what we have if we had not first undertaken the RMB study Luis Brito, he...
Identify Issues and Opportunities for Growth
