WTW releases next-generation U.S. Library models in RiskAgility Financial Modeler, delivering full VM-22 capability for life insurers

Core Insights - WTW has launched the next generation of its U.S. Library models within RiskAgility FM, which fully incorporates Valuation Manual 22 (VM-22) requirements for non-variable annuity products, providing insurers and reinsurers with a robust platform for compliance [1][2][3] Group 1: Product Features - The updated RiskAgility FM U.S. Library models offer an end-to-end modeling environment that aligns with VM-22, facilitating a smooth transition for companies [2][3] - The new model suite enhances asset and liability modeling capabilities, delivering comprehensive VM-22 reserving functionalities [3][8] - RiskAgility FM features an intuitive modeling environment, integrated AI assistance, and governance features such as version control and workflow automation [4] Group 2: Market Impact - The launch of the VM-22-ready model suite is positioned as a pivotal moment for the U.S. annuity market, enabling insurers to meet new standards with precision [3] - WTW's Insurance Consulting and Technology business aims to innovate and transform the insurance industry, providing solutions for risk and capital management [5][6] Group 3: Company Overview - WTW serves a global client base, including leading insurance groups, with over 1,000 client companies utilizing its specialist insurance software [6][7] - The company operates in 140 countries, leveraging local expertise to enhance organizational resilience and performance [7]