LONDON, Aug. 1 -- Towers Watson issued the following news release:
Swiss Re has enhanced its life insurance modelling platform with the addition of Towers Watson's RiskAgility software, as part of its longer-term governance agenda and the Solvency II internal model approval process.
Rejean Besner, Head of Solvency II Implementation at Swiss Re said: "We have used Towers Watson's MoSes modelling applications for a number of years and the integration of RiskAgility gives us a full audit trail and control of models from a centralised environment. This has been an important objective for our longer-term governance agenda and associated compliance activities, such as for Solvency II. RiskAgility allows us to properly integrate MoSes modelling into the wider risk management and financial reporting architecture at Swiss Re."
Models include an interface between RiskAgility and the Tibco Grid Server grid technology in use at Swiss Re. Swiss Re has also added RiskAgility EC to support capital modelling within its Admin Re business. This will provide a fast and practical insight into the impact of different risks on the economic value of the organisation.
David Tonner, Sales Director Europe for Life Software Solutions at Towers Watson said: "Swiss Re has put a strong emphasis on being able to run a range of models in a robust and transparent environment. Importantly, they also have a development roadmap that will support future refinements to capital and business analysis."
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