Life insurers go to the cloud to meet rigors of regulatory reporting
“Heavily fluctuating and increasingly burdensome regulatory reporting
requirements are forcing many of our life insurer clients to make
adjustments to their business infrastructure,” said
Towers Watson’s vGrid software is designed to complement its RiskAgility FM software, which helps life insurers develop and run financial models to better manage risk and safeguard solvency. vGrid also removes the complexity and problems associated with scaling models by offering users access to on-demand computing power that has the flexibility to support business growth.
“The management of large computing capacity can be time-consuming and expensive for life insurers, especially when demand heavily fluctuates from daily use to peak periods,” said Fox. “Our pay-as-you-go vGrid software makes it easier for insurers to tap into extra computer power to meet peak demand periods. This not only avoids the expense of an in-house system that is idle during off-peak periods, but removes capacity constraints during heavy demand.”
Josh Wozman, +1 703-258-7670