IFRS 17, Prudential Regulation Spur Moody’s Analytics APAC Expansion
More firms see regulatory change as opportunity to enhance infrastructure, gain business advantage and remain compliant.
International Financial Reporting Standard 17 (IFRS 17), as well as prudential regulations, have sparked investment in modelling and analytics, as they require firms to retain control over risk and capital adequacy.
Effective from 2021, IFRS 17 changes how insurers recognize revenue and profits from insurance contracts.
Colin Holmes, managing director of insurance solutions at Moody’s Analytics, says these standards and regulations, as well as the rapid growth of the insurance industry in
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