Professional services company Towers Watson has released Igloo 4.3, a new version of the company’s Igloo financial modeling software designed for P&C insurers.

The update offers P&C insurers with better functionality, performance, usability, connectivity and governance, the company said. Igloo is available in editions ranging from the Express and Compact Editions to the Enterprise Edition. The different editions offer applications that fit an insurer’s immediate needs and can grow to meet business and regulatory requirements in the future.

Igloo is transparent, scalable and used by insurers, reinsurers, financial institutions and regulators, Towers Watson said. It enables companies to see how decisions might impact the risk and performance of their businesses. The companies also can use model outputs to promote an understanding of risk across the company.

Igloo software offers technical analysis to support strategic planning and management, said Towers Watson, which aims to offer its clients financial modeling improvements that allow an understanding and management of risk.

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