Type of System
- Capital modelling
- Data management
- End-to-end ERM or Solvency II solution
- Governance, risk, compliance
- Internal/external reporting
- Risk Management
Type of Platform
Most recent significant updates:
Compatability with Willis Towers Watson's enterprise-wide risk and actuarial systems integration platform, Unify.
Planned future enhancements:
It will be included in Willis Towers Watson's SaaS virtual workplace, vPlace.
The offering facilitates
- Solvency II standard formula
Integration with third-party or in-house systems?
The solution can operate independently or can be integrated with third-party and/or in-house systems into an end-to-end actuarial reporting solution using Willis Towers Watson's Unify.
Implementation and Costs
Typical implementation costs:
Varies with the scope of the implementation.
Key attributes of product:
RiskAgility Standard Formula 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.
Key benefits include:
Covers the full scope of the Solvency II Standard Formula, including all risks in precisely the same structure.
Supports aggregation for complex group structures, including matching adjustment portfolios and ring fenced funds.
It doesn't require iterative calculations with helper functions. This simplifies the process and makes results easier to understand.
The solution embeds a structure to perform Solvency II Partial Internal Model calculations.