WTW releases the next generation of its U.S. Library models within RiskAgility Financial Modeler (RiskAgility FM), incorporating full Valuation Manual 22 (VM-22) requirements. The upgrade provides insurers and reinsurers with a production-ready platform to meet the principles-based reserving framework for non-variable annuity products, including fixed annuities, structured settlements and pension risk transfer (PRT) liabilities. VM-22 reshapes statutory valuation for these products by introducing a market-aligned, principles-based approach. The updated RiskAgility FM models provide an end-to-end environment that aligns with these requirements, enabling companies to navigate the transition with transparency and speed. The release builds upon the firm’s existing asset and liability modelling suite for statutory and generally accepted accounting principles (GAAP) valuation. Key features include enhanced asset–liability integration, efficient projection architecture for stochastic workloads and built-in support for VM-22 aggregation groups. The platform’s U.S. Library offers liability models with integrated asset capabilities, allowing firms to manage risk and capital more effectively. WTW’s Insurance Consulting and Technology business serves the global insurance industry with advisory services and technology solutions. More than 1,000 companies currently use the firm’s specialist insurance software.
