Towers Watson has launched a data validation software tool to help insurers use their data more efficiently across financial modelling analytics, pricing applications and risk management.

Joel Fox, Towers Watson’s global lead for life financial modelling and reporting, said the tool, which is called DataValidator, allows insurers to streamline the production of their data for actuarial and risk analytics calculations.

According to Towers Watson, DataValidator helps insurers meet evolving regulatory data quality requirements against today’s increasingly challenging timetables.

It works with Towers Watson risk software products and third-party software solutions.