Towers Watson has launched a new financial modeling software product, RiskAgility FM, for life insurance companies across the world.
The new product enables insurance companies to run financial models that reflect their products and strategies to be easily adaptable for business processes.
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Developed with latest technology, RiskAgility FM can used for a variety of purposes such as product development, liability modeling, asset/liability management, reserving, market-consistent/traditional embedded value and pricing of options and guarantees, among others.
Towers Watson global financial modeling and reporting product group leader (Life) Joel Fox said RiskAgility FM is a powerful new system designed for performance and ease of use.
"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," Fox added.
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By GlobalDataInsurers can use the insights provided by RiskAgility FM financial models to better manage risk and safeguard solvency.
The software will be available in Desktop, Team and Enterprise editions.
