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Towers Watson Enhances Its Igloo 4.2 Financial Modeling Software [Health & Beauty Close - Up](Health & Beauty Close - Up Via Acquire Media NewsEdge) Global 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. In a release, the Company said that the changes over the previous software include heightened performance, better integration between desktop users, enhanced reporting and functionality within its data control component. Towers Watson said these enhancements to Igloo 4.2, one of the insurance industry's financial modeling platforms, have been driven by the requirements of users to enhance their enterprise risk management (ERM) function. Igloo 4.2 complements a set of ERM services from Towers Watson, including model development, validation, governance, risk appetite measurement and assessments. "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." Towers Watson noted that the 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. Igloo 4.2 features new entry-level Igloo Express and Igloo Express Plus editions, lightweight editions of Igloo, which enable users to use prebuilt Igloo capital models - without having to be build professional - through model inputs, and highly effective and visual reports. With Igloo Express Plus, users can also view, though not modify, their model structure and formulas. More information: towerswatson.com ((Comments on this story may be sent to [email protected])) (c) 2013 ProQuest Information and Learning Company; All Rights Reserved. |