Type of System
- Asset/liability management
- Capital modelling
- Internal/external reporting
- Portfolio analysis/hedging
- Risk Management
Type of Platform
Most recent significant updates:
Version 2.5 released in July 2017.
The offering facilitates
- NAIC's RMORSA
- Solvency II standard formula
- Solvency II internal model
- IFRS 17
- Principle-based reserving
Integration with third-party or in-house systems?
RiskAgility FM integrates with Willis Towers Watson's Unify and vPlace Software-as-a-service platforms; it can read data from any delimited text file, any database with a defined OLEDB connection string and Microsoft Excel; RiskAgility FM models can be run using Willis Towers Watson's virtual grid solution, vGrid.
Implementation and Costs
Typical implementation costs:
Varies with the scope of the implementation.
Key attributes of product:
RiskAgility FM is part of our Solutions for Life portfolio of integrated software, technology and consulting services – a holistic solution to managing the end-to-end risk modelling process. RiskAgility FM's role in the process, is to provide life insurers with a range of powerful, flexible modelling capabilities and applications on a modern technology framework.
Key benefits include:
Fully built-out applications with extensive actuarial product functionality for standard insurance products in key markets
Unmatched flexibility for model customisation to enable insurers to achieve self-reliance in modelling innovative product features and company practices
Separation of components for code development, input and assumption management, run management and output management
Please name companies that use the system/solution:
In excess of 300 insurers worldwide use our life actuarial modelling platforms