RiskAgility Enterprise Financial Modeling Software Platform

RiskAgility is a software platform for risk management. It provides a centralized, controlled environment for running financial models, including MoSes applications. When used with an objective risk governance process, these models can help companies measure and manage risk.

Challenges Ahead

Solvency II. Principle-based approaches. Sarbanes-Oxley. Financial services companies are facing pressures that will demand change. Volatile markets are forcing companies to improve their risk governance processes. To do that, you need better information from risk analytics, supported by the latest proven software technology to produce this information quickly and reliably.

Key Features

• Centralized — Manage infrastructure, applications, roles and users centrally. Enable enterprise-wide collaboration, access and reuse actuarial assets.
• Integrated — Seamlessly interact with existing components of an enterprise technology environment (e.g., data stores, security, workflow systems, reporting engines).
• Powerful — Provide the computing power to efficiently run complex models quickly on grid and 64-bit processing technologies.
• Auditable — Create fully reproducible and traceable model results, including all aspects of the modeling process — applications, assumptions, input data, output results.
• Automated — Utilize scheduling and workflow orchestration for the automation of model runs.
• Managed — Users, processes and resources are controlled through defined protocols. Actions take through the system are registered, monitored and configurable.

Sophisticated Data Management and Analysis

Sophisticated financial modeling requires the collection and management of data from across the enterprise. Extracting, transforming and loading clean, coherent data from many different systems, geographies and currencies can be a big challenge.

The RiskAgility platform provides the enterprise data management and control necessary to feed the sophisticated RiskAgility and MoSes calculation engines, which in turn provide a comprehensive measure of risk and value creation.

Only RiskAgility can provide this level of sophisticated data management and analysis.

Benefits

• A common, centralized platform for all financial modeling that provides the power for complex calculations and improves management of actuarial resources
• A more active risk management approach enabled by rapid recalculation of exposures to risk
• Greater confidence in decisions that are based upon auditable, version-controlled and compliant calculations
• Enhanced regulatory compliance and governance/process transparency
• Improvements in actuarial productivity that increase time available for data analysis
• Ability to respond more rapidly to business requests (e.g., reinsurance quotes, new product pricing.) and to understand the cost of risk
• Shared, common understanding of business through consistent data, assumptions and financial models
• Traceability that enables information to be tracked back to its source data to increase reliability and confidence in outputs
• Enhanced IT governance delivered by automated auditing, security and versioning