Seguros RGA selects Moody's for IFRS 17

We are pleased to announce that Seguros RGA has decided to undertake their IFRS 17 project with the solution proposed by Moody’s.

We are pleased to announce that Seguros RGA selected Moody’s for their IFRS 17 project. The AXIS™ system to support the company's actuarial calculations and processes. With the RiskIntegrity™ for IFRS 17 solution for the production of its financial statements under the new IFRS 17 standard.

Carlos González, Chief Financial Officer at Seguros RGA, said “IFRS 17 implementation becomes a key lever to modernize and industrialize our actuarial processes. We have chosen the Moody’s solutions, AXIS™ and RiskIntegrity™ for IFRS 17, based on their right balance between out-of-box predefined structure, and flexibility which we expect to bring simplicity in the implementation and modeling of all our life insurance products. The solution design is unique in the market and will help our actuaries to gain higher efficiency in the timely production of business metrics and their analysis, altogether under a controlled environment.”

Watch our interview with Carlos González as he explains in more detail, the reasons why they chose Moody’s for such a crucial project.