RiskAgility Proxy Modeller (RiskAgility PM) - 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

  • Desktop-based

Most recent significant updates:

Most recent update was July 2016.

Other Features

The offering facilitates

  • Curve-fitting
  • 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