Malayan Insurance, one of the leading non-life insurance providers in the Philippines, has licensed Moody’s RMS Risk Modeler to help enhance its natural catastrophe risk analytics, the firm has revealed in a recent announcement.
Risk Modeler is a data-driven modelling and advanced analytics application, available on the cloud-native Intelligent Risk Platform.
Malayan Insurance aims to use Moody’s application to better understand potential risks, make informed decisions, and improve the balance and long-term profitability of their business.
Denden R. Tesoro, Senior Vice President, Chief Underwriting Officer, at Malayan Insurance, said: “The risk landscape across the Philippines is continually changing, and becoming increasingly challenging, due to issues such as insurance penetration, regulations and of course, the natural catastrophe’s that the region is prone to.
“But as the science and understanding of catastrophes grow, the technology to help understand and analyse these events also evolves. Working with partners such as Moody’s RMS further enables Malayan Insurance to continue to deliver the high standards of customer service and solutions that all our clients know and expect from us.”
Andrew Hare, Managing Director, APAC, Moody’s RMS, said: “We are delighted to partner with Malayan Insurance as they adopt Risk Modeler. In navigating the complexities of a rapidly evolving market, re/insurers require deep insights that offer faster analytics, deeper insights, and more efficient workflows to enhance underwriting, risk transfer, and pricing decisions.
“We are confident that by harnessing the capabilities of Risk Modeler, Malayan Insurance can help their customers to elevate their risk management strategies, make better-informed decisions, and ultimately drive business growth.”
