It is easy for insurers to become overwhelmed when attempting to fathom accounting regulations, and that was no less the case with IFRS 9, either from when it was first issued to its subsequent amendments.

Moody's Analytics is able to give insurers that are coping with the financial reporting standard some peace of mind, particularly around challenges in the market from expected credit loss (ECL) models – from corporate to commercial real estate – and a platform from which to deliver their ECL.

Its large team of 80 economists, 20 data specialists, 70 researchers and 20 credit analysts gives Moody's Analytics a deep understanding of loss forecasting and data and model management.

In addition, Moody;s Analytics has data covering private and public firm credit risk recovery and defaults for different asset classes, along with economic, demographic, and financial data spanning 180 countries and detailed economic forecasts and scenarios for 100, which are updated monthly for ECL estimations.

It also offers complete 'end-to-end' solutions for those customers who want an automated process and flexibility of on-premises or cloud-based solutions.

No matter the size of the company or request, Moody's Analytics has been able to build custom models for specific asset classes or hybrid models, based on its analytical data and the client's own data, making it the clear winner for the IFRS 9 Award.