P&V Taps Moody's Service For Solvency II
Belgian insurer chooses scenario solution for compliance purposes
Belgian cooperative insurance firm P&V Group has chosen Moody's Analytics Economic Scenario Generator (ESG) for Solvency II compliance functions.
P&V Group will use ESG to value liabilities and assess risk exposures in its internal Solvency II model. "Moody's ESG will help us ensure that our model is compliant with Solvency II," says Nikias De Feyter, manager of ALM and strategic allocation at P&V Group. "We now have a robust scenario generator in place that will cover a broad range of asset classes in multiple economies."
ESG is a modeling solution that calculates regulatory and economic capital, calculates liabilities, and measures risks for a range of assets including equities, interest rates, corporate bonds, real estate, currencies and hedge funds. The solution can add new assets or exposure to reflect changing investment strategies and complete stress tests.
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