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
Most recent significant updates:
Most recent update was July 2016.
The offering facilitates
- Least-squares Monte Carlo
- NAIC's RMORSA
- Solvency II internal model
Integration with third-party or in-house systems?
RiskAgility PM contains a .Net API 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. 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