The software solution, utilizing the most up-to-date technology from Microsoft, is aimed at helping companies manage risk and capital better – while satisfying increased scrutiny from rating agencies, regulators and investors – for improved enterprise risk management (ERM).
RiskAgility P&C helps insurers to measure risks across their enterprise better, determine capital requirements and allocate capital to business units. It also enables them to develop reserve ranges, optimize reinsurance programs and measure economic performance and value creation.
The application provides graphical analytics, giving managers a clearer understanding of the financial risks borne by their companies. The intuitive user interface reportedly makes RiskAgility P&C easy to set up and use, helping insurers achieve the benefits of enhanced financial modeling more quickly.
Version 1.2 helps insurers compare the impact of multiple reinsurance programs in a single run using individual portfolio reporting and side-by-side graphical portfolio analysis.