New software version helps P&C insurers model their business quicker and more accurately
New York, NY (July 25, 2014) – Global professional services company Towers Watson has announced the availability of Igloo 4.3, a new version of the company’s Igloo financial modeling software designed for property & casualty insurers. The update provides P&C insurers with a variety of enhancements, including better functionality, performance, usability, connectivity and governance.
“Many leading insurers around the world rely on Igloo software to provide technical analysis to support strategic planning and management,” said Richard Rodriguez, Towers Watson’s global product leader for Igloo. “We are delighted to offer our clients a range of financial modeling improvements, which will enhance the value they receive from Igloo, and allow them to better understand and manage risk within their business.”
Noted for its transparency and scalability, Igloo is used by a variety of organizations including insurers, reinsurers, financial institutions and regulators. It enables companies to quickly see how decisions might impact the risk and performance of their business, and to 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 database, plus data control and audit capabilities. The different editions provide comprehensive solutions that both fit an insurer’s immediate needs, and can grow with them to meet their business and regulatory requirements in the future.
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 www.towerswatson.com.