Risk management and data "are critical success factors" in insurer ratings, says Moody's

The report, spurred on by the European Union’s Solvency 2 initiative, which is designed to overhaul regulatory capital for insurance companies, goes on to say that “accurate risk assessment and capital allocation depend on first-class IT systems. For management, the better the information, the easier it is to make informed decisions in managing complex organizations in volatile times. Active capital management and active exposure management should thus be considered together.”The report also