RSA Signs Up to Moody s Analytics Discount Curve Service for IFRS 17
Moody s Analytics today announced that general insurance company RSA has signed up to the Moody s Analytics Discount Curve Service for IFRS 17 to assist with building the discount curves required to value its liabilities under the new accounting standard.
Under IFRS 17, insurance companies will need to construct and apply discount curves, which include an estimation of the illiquidity of their liabilities, when valuing their insurance contracts. Built on our modeling and calibration expertise, the Moody s Analytics Discount Curve Service for IFRS 17 delivers flexible yield curves and granular illiquidity premium term structures for a range of economies and credit classes, driven by the Moody s Analytics CreditEdge solution.