Towers Watson Launches New Igloo Financial Model for U.S. Property & Casualty Insurers

  Towers Watson Launches New Igloo Financial Model for U.S. Property &
  Casualty Insurers

Application helps insurers model their business fast, for improved management
of risk and capital

Business Wire

NEW YORK -- January 23, 2014

Global professional services company Towers Watson (NYSE, NASDAQ: TW) has
announced the availability of an enhanced financial modeling application,
based in Igloo, for property and casualty (P&C) insurers in the U.S. This
application is designed to help insurance companies get a fast start in using
comprehensive, full-function models to help better manage risk and capital on
a U.S. GAAP, U.S. STAT, or economic basis.

The application’s core engine provides end-to-end functionality, including
economic drivers, reserves, underwriting, reinsurance, assets, financials and
capital-setting allocation. It also provides a direct link to Towers Watson
ResQ reserving software to better facilitate the alignment of capital modeling
and reserving decisions. In addition, the application includes
parameterization tools and a suite of user-friendly reports and tools that can
help enhance companies’ understanding of risk volatility, as well as
monitoring and reporting to senior management.

“The Igloo U.S. modeling application makes it much easier for insurers to get
up to speed quickly,” said Towers Watson’s Tom Hettinger, Americas P&C sales
and practice leader. “This allows P&C insurers to quickly realize the full
benefits from their models for business planning, strategy development and
enterprise risk management.”

Towers Watson Igloo, noted for its transparency and scalability, is used by a
variety of organizations, including insurers, reinsurers, financial
institutions and regulators. Igloo enables these companies to quickly see how
decisions might impact the risk and performance of the business, and use model
outputs to promote a wider understanding of risk across the company.

Igloo is available in a variety of editions, from the Express and Compact
Editions for companies that want a convenient entry point, to the Enterprise
Edition for companies that want a robust modeling environment using an
enterprise-grade parallel computing solution with database, data control and
audit capabilities.

About Towers Watson

Towers Watson (NYSE, NASDAQ: TW) is a leading global professional services
company that helps organizations improve performance through effective people,
risk and financial management. The company offers consulting, technology and
solutions in the areas of benefits, talent management, rewards, and risk and
capital management. Towers Watson has more than 14,000 associates around the
world and is located on the web at towerswatson.com.

Contact:

Towers Watson
Josh Wozman, +1 703-258-7670
josh.wozman@towerswatson.com
or
Binoli Savani, +1 703-258-7648
binoli.savani@towerswatson.com
 
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