RiskAgility Financial Modeller (RiskAgility FM) - Willis Towers Watson

Type of System

  • Asset/liability management
  • Capital modelling
  • End-to-end ERM or Solvency II solution
  • Internal/external reporting
  • Portfolio analysis/hedging
  • Risk Management
  • Reserving solution
  • Stress testing

Type of Platform

  • Cloud
  • Desktop-based
  • Server-based
  • Grid
  • SaaS

Most recent significant updates:

Version 2.6 released in April 2018.

Other Features

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 automated process workflow solution, Unify and vPlace, Willis Towers Watson's Software-as-a-Service platform; 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 for 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.

RiskAgility FM provides life insurers with a range of powerful, flexible modelling capabilities and applications on a modern technology framework.

Please name companies that use the system/solution:

In excess of 300 insurers worldwide use our life actuarial modelling platforms.