[April 05, 2013] Towers Watson Unveils Igloo 4.2 Financial Modeling Software Tweet Apr 05, 2013 (Close-Up Media via COMTEX) -- Professional services company Towers Watson has announced a number of enhancements in the new release of its Igloo financial modeling software for property & casualty (P&C) insurers. According to a release, the improvements over the previous software include heightened performance, better integration between desktop users, enhanced reporting and more extensive functionality within its data control component. These enhancements to Igloo 4.2, have been driven by the requirements of users to improve their enterprise risk management (ERM) function. Igloo 4.2 complements an set of ERM services from Towers Watson, including model development, validation, governance, risk appetite measurement and assessments, the company said. "We are always looking at ways to improve the usability of Igloo," said Andrzej Czernuszewicz, global leader of P&C capital modeling, Towers Watson. "The changes in Igloo 4.2 will make it easier for P&C insurers to implement the model governance required for effective ERM and the many regulatory regimes." The improved reporting and interface capabilities will allow users to take advantage of Igloo's modeling and enable easier deployment of models to end users. Advancements in database connections also make the implementation of suitably stringent model governance procedures simpler for a broad range of companies, the company added. More information: towerswatson.com ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]