Enhancements to U.S. Library will help insurers validate and
transform their data more efficiently
ARLINGTON, Va.--(BUSINESS WIRE)--Sep. 22, 2015--
Global professional services company Towers Watson (NASDAQ:TW) has
released RiskAgility FM U.S. Library applications version 3.0. This
latest version of the financial modeling solution includes regulatory
updates (AG 48 and NY 147 Amendment 5); new features for universal life,
including multiple reinsurance treaties; significant improvements in
GAAP functionality; and enhancements that allow the publishing of U.S.
Library applications to Towers Watson Unify, a workflow platform
providing integration, automation and governance for all parts of the
risk modeling process.
“RiskAgility FM U.S. Library applications version 3.0 strengthens our
value proposition across the U.S. insurance market,” said Elinor
Friedman, managing director, Risk Consulting and Software in the
Americas, Towers Watson. “This updated version provides more extensive
built-in functionality to support the modeling of features common to
U.S. life, health and annuity products.”
The U.S. Library applications enable insurers to quickly implement
robust financial models that provide financial analytics required by
internal management, regulators and rating agencies in a timely fashion
with greater accuracy and precision. In addition, the applications can
be customized by insurers to accommodate company-specific features
within a controlled development environment.
About Towers Watson
Towers Watson (NASDAQ: TW) is a leading global professional services
company that helps organizations improve performance through effective
people, risk and financial management. With 16,000 associates around the
world, the company offers consulting, technology and solutions in the
areas of benefits, talent management, rewards, and risk and capital
management. Learn more at towerswatson.com.
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Source: Towers Watson
Towers Watson
Josh Wozman, +1 703 258 7670
josh.wozman@towerswatson.com