Malayan Insurance Enhances Natural Catastrophe Analytics with Moody’s RMS Risk Modeler

Noida - March 4, 2024 -Malayan Insurance, one of the leading non-life insurance providers in the Philippines, announces that it has licensed Moody's RMS® Risk Modeler™ to help enhance its natural catastrophe risk analytics.

This move by Malayan Insurance demonstrates its commitment to developing in-house capabilities, and to build on its position as one of the leading natural catastrophe insurers in the Philippines - and across Asia.

Gaining a comprehensive view of risk requires understanding risk across all regions and perils, and different model frameworks.

By using data-driven modeling and advanced analytics, Risk Modeler, an application on the cloud-native Intelligent Risk Platform™will assist Malayan Insurance 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, 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 catastrophes that the region is prone to."

"But as the science and understanding of catastrophes grow, the technology to help understand and analyze 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 workflowsto 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."

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About Malayan Insurance

Malayan Insurance Co., Inc. ("Malayan Insurance"), a member of the Yuchengco Group of Companies, stands as the premier non-life insurance provider in the Philippines. With a legacy dating back to its establishment in 1930, the insurer has been a trusted source of peace of mind for nearly a century.

In 2023, Malayan received a financial strength rating of B++ (Good) and an issuer credit rating of bbb (Good) from A.M. Best, a well-respected authority in insurance ratings. Additionally, Malayan was named Domestic General Insurer of the Year for 2023 by Insurance Asia.

Authorized by the Insurance Commission, Malayan Insurance offers a comprehensive range of non-life insurance products, including Aviation, Engineering, Fire/Property, Motorcar, Marine, Personal Accident, Miscellaneous Casualty, Travel Insurance, and Surety Bonds.

For more information, please visit www.malayan.com

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