Global professional services company Towers Watson has released updated versions of its RiskAgility MoSes enterprise financial modeling software and RiskAgility Economic Capital (EC) Aggregator software.

Towers Watson says RiskAgility provides a centralized, controlled environment for running financial models, including MoSes and RiskAgility EC applications. When used with an objective risk governance process, these models can help companies measure and manage risk. The updated version 3.1 application extends detailed job status information and controls, and provides greater flexibility in scheduling and monitoring modeling runs.

RiskAgility EC provides real-time risk analytics that fully reflect the nature of the business for continuous solvency monitoring and risk management, says Tower Watson. With RiskAgility EC, insurers can use calculations of economic capital for critical business processes, such as investment strategy, business planning and performance management. Version 2.0 provides additional options for the construction of loss functions. By using these capabilities, insurers can obtain more precise measurements of risk exposure and attendant capital requirements under current and projected assumptions.

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