Global professional services company Towers Watson announces a number of enhancements in the new release of its Igloo financial modeling software for property & casualty insurers. 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.

The 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 extensive 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,” says 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 model governance procedures simpler for a broad range of companies.

Igloo 4.2 features new editions of Igloo Express and Igloo Express Plus, which enable users to quickly use prebuilt Igloo capital models—without having to be build experts—through model inputs, and reports. With Igloo Express Plus, users can also view, though not modify, their model structure and formulas.

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Towers Watson Upgrades Igloo Financial Modeling Software

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