wtw - Igloo
Type of System
- Asset/liability management
- Capital modelling
- Data management
- Economic capital aggregation
- End-to-end ERM
- Governance, risk, compliance (GRC)
- Internal/external reporting
- Portfolio analysis/hedging
- Risk management
- Solvency II solution
- Business planning
Type of platform
Other features - does your offering facilitate
- NAIC RMORSA
- Solvency II internal model
- Solvency II standard formula
What are the typical implementation costs?
This varies with the scope of the implementation; businesses licensing Igloo range from the very largest global multi-nationals through to single line specialist domestic insurers. However, our flagship Igloo application, the “Igloo Capital Model” enables most businesses to implement full capital models at very low cost and with no need for bespoke model adjustments.
Implementation of Igloo Cloud is simply a matter of opening appropriate connections in the corporate network. This removes the need to prepare and maintain high performance IT infrastructure and provides a means to materially reduce the capex typically associated with model implementations.
How long does your software take to implement on site?
Igloo is ready to go immediately upon installation. The new Igloo Capital Model offers a highly flexible modelling framework allowing users familiar with capital modelling to be productive from day one without any prior knowledge of Igloo.
Igloo Cloud significantly reduces the time required to implement enterprise level compute – no need to budget for, provision and configure processing servers – Igloo Cloud can be up and running in minutes. We would also note that it requires very little training for our users to become productive with Igloo Cloud.
Please name companies that use the system/solution
We count more than 150 companies as our clients with more than 1,000 users overall. We are the leading provider in most developed insurance markets.
We value the privacy of our clients and do not in general publish our client’s names.
Igloo brings deep quantitative insight directly into risk-based decision. What once took hours now takes minutes, Igloo Capital Model frees modellers from routine to add insight and value whilst the Cloud changes everything for both performance and costs. Do more for less with the new Igloo.