Type of Platform
Most recent significant updates:
Version 2.0 released in October 2016 introduced new Run Efficiency and Management features allowing actuaries to run models faster and easier from RiskAgility FM. The update also contained many advanced security features which can be selected as required to comply with the company's security policy.
Planned future enhancements:
The next version release, vGrid 2.1, includes several functionality improvements to help clients better manage their vGrid accounts including revamped display of usage data, analysis of pool performance and enhanced ability to monitor jobs.
The offering facilitates
- NAIC's RMORSA
- Solvency II standard formula
- Solvency II internal model
Integration with third-party or in-house systems?
vGrid utilises Microsoft Azure cloud services so it can easily be delivered consistently in locations near to our global client base. It is currently optimised to work with either an on-premise installation of Willis Towers Watson's RiskAgility FM or via the recently released vPlace solution – Willis Towers Watson's new Software as a Service (SaaS) online actuarial workspace. This combination of vGrid with vPlace provides the ultimate flexible, efficient and cost-effective solution for your actuarial processing needs.
vGrid also integrates with Willis Towers Watson's Unify our enterprise-wide risk and actuarial systems integration platform
Implementation and Costs
Typical implementation costs:
No implementation or up-front fees. vGrid uses a consumption (per core/hour) based pricing model.
How long does your software take to implement on site?
Could be from as little as a few hours through to 4 weeks depending on the complexity of need.
Key attributes of product:
vGrid is available to Willis Towers Watson's RiskAgility FM clients and provides a cost efficient, scalable, no-nonsense option for distributed processing of computationally intensive workloads – offering an alternative to purchasing and maintaining an on-premise grid of computers. vGrid also provides a dashboard that eases manageability and enhances visibility of the resources that actuarial model runs consume.
vGrid is also part of Willis Towers Watson's Solutions for Life portfolio of integrated software, technology and consulting services – a holistic solution to managing the end-to-end risk modelling process for life insurers.