RiskAgility Proxy Modeller (RiskAgility PM) - Willis Towers Watson

Type of System

  • Asset/liability management
  • Capital modelling
  • Data management
  • Economic capital aggregation
  • Economic scenario generator
  • End-to-end ERM or Solvency II solution
  • Governance, risk, compliance
  • Operational risk
  • Risk Management

Type of Platform

  • Desktop-based

Most recent significant updates:

Most recent update was July 2016.

Other Features

The offering facilitates

  • Curve-fitting
  • Least-squares Monte Carlo
  • Solvency II internal model

Integration with third-party or in-house systems?

Yes. RiskAgility PM contains a .Net AP that allows integration into an automated end-to-end process. This can be done using Willis Towers Watson's Unify. RiskAgility PM directly integrates with Willis Towers Watson's STAR RN, third-party ESGs and RiskAgility EC.

Implementation and Costs

Typical implementation costs:

Varies with the scope of the implementation.

How long does your software take to implement on site?

Works out-of-the box with configuration not coding.

Key attributes of product:

RiskAgility PM 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 PM's role in the process is to automate capital modelling, through faster proxy fitting and validation.

Key benefits include:

  • Automates the choice of stresses
  • Undertakes Least Squares Monte Carlo (LSMC) modelling for stochastic models
  • Automates the generation and validation of ESG scenarios for stochastic models, even with third party ESGs
  • Validates the proxy model fitting
  • Provides flexibility to integrate with and improve your existing capital model process
  • Can be integrated into an automated end-to-end process