Life - Articles - Towers Watson announce new life modelling software

 Towers Watson has announced a new financial modelling software product for life insurers worldwide. RiskAgility FM (Financial Modeller) 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 built with the latest software technology for enhanced performance and ease of use. Models built with Towers Watson MoSes financial modelling 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 modelling, asset/liability management, reserving, market consistent/traditional embedded value, pricing of options and guarantees, economic capital calculation, reinsurance optimisation, business planning and forecasting. The insights provided by RiskAgility FM financial models helps insurers 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 Modelling and Reporting Product Group Leader (Life), Towers Watson. “Modelling functions have been designed so you can adapt the system to your way of doing things, rather than forcing your company to conform to rigid software requirements. And the open, flexible modelling environment gives you confidence that your models will be accurate as your company and your operating environment evolve.”