Willis Towers Watson - RiskAgility EC
Type of System
- Asset/liability management
- Capital modelling
- Economic / risk scenario generator
- Economic capital aggregation
- End-to-end ERM
- Internal/external reporting
- Operational risk management
- Risk management
- Solvency II solution
- Stress testing
Type of platform
- Cloud
- Desktop-based
- Grid
- SaaS
- Server-based
Other features - does your offering facilitate
- Curve-fitting
- Least-squares Monte Carlo
- NAIC RMORSA
- Solvency II internal model
What are the typical implementation costs?
Refer to vendor for an estimate
How long does your software take to implement on site?
Refer to vendor for an estimate
Please name companies that use the system/solution
Refer to vendor for references
What is the key attribute of your product(s) that differentiates it from your competitors?
RiskAgility EC is a fast, flexible, and powerful capital modelling software which allows for efficient and adaptable implementations and focusses on providing key benefits required from a modern capital model.
- Improves risk management by leveraging near real-time analytics that fully reflect the nature of your business
- Input can be taken from models which already exist, allowing for faster implementation and lower integration costs
- Calculations are expanded using a fully stochastic Monte Carlo simulation approach, within a fully consistent all-risk scenario model
- Reports of capital measures can be produced at multiple confidence levels, levels of granularity, reflecting the full diversity of your business, including product groups, regions, business entities, and risk types, considering full allowance of restrictions and the allocation of diversification benefits
- All structures and inputs to economic capital calculations are managed, version controlled, and governed in a fully controlled multi-user environment
- All inputs are modular, re-usable, and easily transferrable, allowing for rapid model construction and updates
What trends are you seeing in terms of customer demand?
More and more, insurers are relying on accurate and granular capital measures to drive optimization and profitable growth. At the same time, shareholders, regulators, and ratings agencies are requiring improved enterprise risk management programs that are linked to the modelling of capital requirements and projections.
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RiskAgility EC provides an off-the-shelf solution for the use of economic capital in risk management and decision making
