CSC and Towers Perrin have announced the availability of Financial Risk Intelligence, a new offering to streamline financial risk and capital management analytics for U.S. life insurance and annuity enterprises.

The solution combines CSC's Insurance Industry Data Model, consulting expertise, and preconfigured integration tools with Towers Perrin's financial modeling software, methodologies, and services.

Financial Risk Intelligence manages data from source systems directly to the financial modeling platform, enabling insurers to assess financial risk, gain greater visibility into their data and its lineage, and satisfy regulatory and compliance demands.

By automating data aggregation, transformation, and cleansing through a centralized data source, the solution also eliminates the cost of ad hoc repositories. The insight gained from these analytics can help insurers refine reserves and improve actuarial operations and financial performance.

"Current economic conditions are forcing critical actions by insurers, as their financial risk-modeling assumptions, including the timeliness and quality of their data, are being closely scrutinized," says Michael W. Risley, president of the life and annuity division within CSC's Financial Services Group. "Working with Towers Perrin, we are offering a comprehensive solution that enables clients to understand and manage their financial risk quickly, accurately, and with auditable and repeatable results."

Special Reports /

CSC, Towers Perrin Offer Life/Annuity Carriers Risk Solution

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