RiskAgility Economic Capital Aggregator (RiskAgility EC), our economic capital calculation and aggregation software application, has been updated to provide significant enhancements to workflow efficiency (including import/export features) and methodology flexibility.
New features of RiskAgility EC v3.1 include:
- Enhanced imports/exports, allowing all components of inputs into and outputs from an economic capital calculation (including Setup, Assumptions, and Run & Analyse components) to be imported to and exported from Microsoft Excel files and CSV files.
- Additional probability distributions for modelling of Risk Factors – the Normal Inverse Gaussian and EGB2 distributions have been included.
- Compound Risk Factors, enabling Risk Factors to be constructed from weighted linear sums of Base Risk Factors. If needed, Base Risk Factors may be transformed to other distributions prior to the summation.
- Higher Order Polynomials, allowing polynomials of up to order 20 (of individual Risk Factor terms as well as Cross Terms) to be specified within Loss Functions.
This latest release is further testament to our commitment to investing in and developing our software products to deliver even better services to our clients.
For more information on the release, please contact your Willis Towers Watson representative or email firstname.lastname@example.org.