RiskAgility Economic Capital Aggregator (RiskAgility EC) - 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
  • Internal/external reporting
  • Operational risk
  • Risk Management

Type of Platform

  • Cloud
  • Desktop-based
  • Server-based

Most recent significant updates:

RiskAgility EC version 3.2 was released in March 2017 and added extra workflow integration and technology platform updates.

Planned future enhancements:

Additional calculation enhancements, usability improvements, and technology updates.

Other Features

The offering facilitates

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

Integration with third-party or in-house systems?

Yes, it can integrate with Willis Towers Watson's automated process workflow solution, Unify and also accepts inputs directly from RiskAgility Proxy Modeller

Implementation and Costs

Typical implementation costs:

Requires configuration, not coding, to reflect a client's business with implementation taking anything from two to six months.

Key attributes of product:

RiskAgility EC's measures economic capital quickly and accurately, and across business lines, to make critical decisions.

Key Benefits Include:

Produces robust, up-to-date reports on economic capital at a group, business unit, product and risk level, or at any granularity required.

Provides multiple risk metrics, including value at risk (VaR) reporting, and full distribution of losses when needed.

Functionality to support immediate updates and analysis without the need to re-run underlying actuarial models.

Models your company's full group structure, taking into account tax, fungibility and other considerations.

Agile solution which can be implemented quickly in a robust, off the shelf governance framework.