Moody’s launches Risk InvestorIQ to support ILS transaction and portfolio evaluation

Moody’s has launched Risk InvestorIQ, a dedicated catastrophe risk analytics and portfolio management application to provide ILS investors and risk professionals with an environment to evaluate transactions and gauge their portfolio impact.

The launch comes as the insurance-linked securities (ILS) continues to grow at a rapid pace, fuelled by catastrophe bond issuance outstanding for this year reaching a record $65.6 billion by mid-2026, and H1 2026 issuance hitting a new high of almost $18 billion.

The launch of Risk InvestorIQ, on Moody’s Intelligent Risk Platform, was announced in a recent article authored by Vineeth Mancheri, Associate Director, Product Management at the firm, who stated that the ILS sector has become “firmly established as a source of risk capital, spanning catastrophe bonds and private transactions and creating a wider range of opportunities for investors.”

“But as the market grows, it brings more transactions to weigh and a more intricate web of portfolio interactions to track, all within increasingly compressed decision-making timelines,” Mancheri says.

“And as activity grows, investors need analytical capabilities that can evaluate transactions in the context of an entire portfolio while keeping pace with increasing transaction volumes.”

He continued: “To help, Moody’s has extended the catastrophe risk analytics ecosystem already used by insurers, reinsurers, and other industry participants; the launch of Risk InvestorIQ now brings ILS workflows to Moody’s Intelligent Risk Platform™, delivering a dedicated environment for ILS investors and risk professionals to evaluate transactions and gauge their portfolio impact.”

The Associate Director also observed that many firms still choose to use and rely on legacy workflows that span multiple systems, and take up valuable time as users transfer data, reconcile outputs, and move between applications before they can compare transactions or determine their potential effect on a portfolio.

To combat this friction, Moody’s states that Risk InvestorIQ places deal evaluation, portfolio analytics, and portfolio management together within one dedicated ILS environment.

“By bringing these activities together in a shared workflow and data ecosystem, Risk InvestorIQ, investors can assess transactions more efficiently, understand portfolio implications, and scale their operations more effectively,” Moody’s explained.

Moody’s also confirmed that Risk InvestorIQ increases the sophistication of model analytics and integration by providing users with access to the organisation’s extensive RMS catastrophe risk model suite. As a result, this brings together capabilities and evaluates new opportunities, and portfolio impacts that have typically sat apart.

Moody’s noted that Risk InvestorIQ users will be able to evaluate new transactions alongside portfolio-wide correlation and accumulation analysis, rather than running models separately and having to stitch the results together manually.

Users will also be able to compare 144A and private catastrophe bond transactions side by side, drawing on Moody’s own extensive Deal Library and its view of risk on every 144A issuance for benchmarking.

In addition, users will be to operate within a single, continuously updated data environment, leveraging the platform’s programmable analytical functions in Moody’s Risk Data Lake to conduct ad-hoc analytics across industry loss curves (ILC), industry exposure database (IED) specifications, as well as catastrophe model outputs, exposure data, and transaction terms, thereby eliminating the need to consolidate them all together from disconnected sources each time.

“Building Risk InvestorIQ on Moody’s Intelligent Risk Platform is central to this connected approach, as the platform brings data, analytics, and applications into a common environment,” Mancheri added.

“This helps organizations apply risk information more consistently across workflows rather than relying on separate systems and standards. Risk InvestorIQ also sits alongside Moody’s complementary platform applications such as Risk Modeler™, ExposureIQ™, and Risk Data Exchange, enabling catastrophe modeling, exposure analysis, secure data sharing, and investment workflows to operate within a connected ecosystem.”

Importantly, Mancheri outlined that ILS investors will benefit from enhanced connectivity, which will facilitate faster insights and decision-making processes, with notable examples including integrated analytics workflows, connected data sharing, adaptable system integration, and consistent portfolio evaluation.

Mancheri also observed that this approach enables Risk InvestorIQ to evolve alongside the wider Moody’s Intelligent Risk Platform, allowing investors to benefit from continued advances in Moody’s data, analytics, and technology rather than relying on a standalone solution.

“As the range of ILS opportunities expands, investors will increasingly need to look beyond the risk characteristics of individual transactions and understand how those risks interact across an entire portfolio. High-quality analytics will remain fundamental, but investors will ultimately differentiate themselves by effectively applying insights across portfolios and investment decisions,” Mancheri added.

Concluding: “By bringing Risk InvestorIQ to the Intelligent Risk Platform, Moody’s is creating an environment where portfolio analytics, deal evaluation, and risk insight can develop alongside the market. This gives investors a more portfolio-centric approach to ILS today, while allowing Moody’s to extend its capabilities as market structures, analytical requirements and investor expectations change.”

Moody’s is a key supporter of the ILS market, with capabilities spanning catastrophe modeling, ratings, and capital markets expertise. For over 25 years, Moody’s has acted as a modeling and calculation agent for 144A and private ILS transactions.