RiskAgility Standard Formula - Willis Towers Watson

Type of System

  • Capital modelling
  • Data management
  • End-to-end ERM or Solvency II solution
  • Governance, risk, compliance
  • Internal/external reporting
  • Risk Management

Type of Platform

  • Desktop-based
  • Server-based

Most recent significant updates:

Compatability with Willis Towers Watson's enterprise-wide risk and actuarial systems integration platform, Unify.

Planned future enhancements:

It will be included in Willis Towers Watson's SaaS virtual workplace, vPlace.

Other Features

The offering facilitates

  • Solvency II standard formula

Integration with third-party or in-house systems?

The solution can operate independently or can be integrated with third-party and/or in-house systems into an end-to-end actuarial reporting solution using Willis Towers Watson's automated process workflow solution, Unify.

Implementation and Costs

Typical implementation costs:

Varies with the scope of the implementation.

Key attributes of product:

RiskAgility Standard Formula 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.

Key benefits include:

  • Covers the full scope of the Solvency II Standard Formula, including all risks in precisely the same structure.
  • Supports aggregation for complex group structures, including matching adjustment portfolios and ring fenced funds.
  • It doesn't require iterative calculations with helper functions. This simplifies the process and makes results easier to understand.
  • The solution also provides the framework to perform Solvency II Partial Internal Model calculations.