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Insurance Solutions

Formerly Moody’s RMS

Today marks a significant milestone for us. We are delighted to announce that we are refreshing our brand and unifying our solutions to the insurance industry to best serve our customers.

At Exceedance 2024, our delegates in Montreal are experiencing our bold new look as we embrace the recently launched Moody’s branding. For the first time, we welcome delegates from across the sector, including life insurers and annuity writers, property and casualty carriers, brokers, and reinsurers.

Today’s risk landscape offers great opportunities for businesses that can successfully decode risk, and make sense of the landscape, to unlock opportunity with solutions that help both their business and clients to succeed.

But we must recognize that today’s risk landscape, across financial services, is becoming more unpredictable and more interconnected than ever before.

Moody’s and RMS have helped clients navigate the risk landscape for many years and pioneered entire categories of risk management solutions. Our customers rightly demand the best insights, this has been the cornerstone of our heritage.

Our customers’ businesses depend on what we deliver, to assess millions of risk transactions, and they trust our robust data and solutions to inform risk decisions. We never underestimate the trust that clients place in us.

Our commitment to innovation and excellence will now grow further. So, whether it is the latest climate or seismic science, actuarial insights, or cyber risk modeling, Moody’s is set to build on an exceptional bench of talent, significant investment in research and development, and the expertise of the whole Moody’s organization.

With risk insights delivered through innovative technology, our customers benefit from cloud-based risk solutions, offering scalability and flexibility for their businesses. These solutions revolutionize workflow integration and efficiency, enable connectivity across the risk value chain and between internal teams, and solve data exchange issues between partners.

With over 250 customers benefiting from the Intelligent Risk Platform and associated applications, and over 10,000 users of our actuarial solutions, as Moody’s we will be able to accelerate platform developments, share best practices, and look to capitalize on the latest developments, such as harnessing the potential of GenAI.

Our client-facing teams are there at every step, ensuring our clients are supported in their day-to-day business, and for longer-term developments.

What we can offer now is to help our customers meet the growing risk management challenges they face, whether it is expanding into new risks or regions, managing new regulations, expanding risk transfer, accelerating workflows, or innovating and developing new products and pricing.

What does this mean for customers right now? Our combined team serves customers as we always do, and we are bringing together the best of what we have developed into a single vision and strategy for the insurance sector; serving use cases across underwriting, risk and capital management, finance, and reporting. 

We will continue to invest in the Insurance Solutions business, leveraging the data and technology standards being developed in the growing insurance platforms. 

If you are attending Exceedance, Colin and I look forward to meeting with you, or as always, please reach out to your usual contact if you have any questions.

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Michael Steel
Michael Steel
General Manager and Head of Moody’s Insurance Solutions

Michael Steel is General Manager and Head of Moody’s Insurance Solutions. Michael joined Moody’s RMS in 2016 to bring innovations in modeling and technology to solve the key risk management challenges faced by insurers.

He has more than 30 years’ experience in risk and capital management gained in the insurance industry. Prior to Moody’s, Michael was the Group Chief Risk Officer at AXIS Capital, following a career in reinsurance broking, including 12 years at Benfield (now Aon Benfield) where he led the ReMetrics team in addition to leading teams in the development of innovative solutions in the reinsurance and capital markets.In addition to his role with Moody’s,

Michael serves as an Independent Non-Executive Director on the board of Allianz Re Dublin dac. Michael previously served as an Independent Non-Executive Director on the board of Berkshire Hathaway’s international business, as an Appointed Director on the Casualty Actuarial Society, and as Chairman of the Geneva Association’s CRO Network.

He holds a bachelor’s degree with honors in statistics and mathematics from Brunel University.

Colin Holmes
Colin Holmes
General Manager and Head of Moody’s Insurance Solutions

Colin Holmes is General Manager and Head of Moody’s Insurance Solutions where he leads a team developing and marketing technology solutions that help insurers to assess, measure, and manage risk.

Prior to his current role, Colin has held a number of roles at Moody’s across product management, customer success, and business development. Colin joined Moody’s Analytics through the 2011 acquisition of Barrie & Hibbert, the specialist risk-modeling firm, where he began his career as a quantitative analyst after completing his Ph.D.

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