Towers Watson Launches New Modeling Software for Life Insurers
RiskAgility FM provides financial modeling and analytics that fit insurers’ products and business processes
NEW YORK--(BUSINESS WIRE)--Global professional services company Towers Watson (NYSE, NASDAQ: TW) has announced the launch of RiskAgility FM, a new financial modeling software product for life insurers worldwide. RiskAgility FM enables insurers to run financial models that accurately reflect their products and strategies in ways that can easily be adapted to their business processes.
“RiskAgility FM is a powerful new system designed for performance and ease of use”
RiskAgility FM is built with the latest software technology for enhanced performance and ease of use. Models built with Towers Watson MoSes financial modeling software can be imported into RiskAgility FM to benefit from increased performance on a feature-rich development platform.
Insurers can use RiskAgility FM for a variety of purposes, including product development, liability modeling, asset/liability management, reserving, market-consistent/traditional embedded value, pricing of options and guarantees, economic capital calculation, reinsurance optimization, business planning and forecasting. The insights provided by RiskAgility FM financial models can help insurers better manage risk and safeguard solvency. The software will be available in Desktop, Team and Enterprise editions.
“RiskAgility FM is a powerful new system designed for performance and ease of use,” said Joel Fox, global financial modeling and reporting product group leader (Life), Towers Watson. “Modeling functions have been designed so end users can adapt the system to their way of doing things, rather than forcing companies to conform to rigid software requirements. And the open, flexible modeling environment gives users confidence that their models will be accurate as operating environments evolve.”
Towers Watson offers a number of regional applications and templates for RiskAgility FM to give end users a quick start in modeling common product types in various markets.
About Towers Watson
Towers Watson (NYSE, NASDAQ: TW) is a leading global professional services company that helps organizations improve performance through effective people, risk and financial management. The company offers consulting, technology and solutions in the areas of benefits, talent management, rewards, and risk and capital management. Towers Watson has more than 14,000 associates around the world and is located on the web at towerswatson.com.