WTW launches cloud-based capital modelling tool

Willis Towers Watson has launched a cloud based extension of its capital modelling platform. ts Igloo Cloud offers access to unlimited and flexible computing resources and power within Azure, and managed by WTW.

Rob Collinson, global proposition leader for P/C business at Willis Towers Watson, said: “Igloo Cloud offers transformational opportunities for all insurers that rely upon Igloo for capital and business modelling. Whilst the technology is clearly crucial, it’s the value that Igloo Cloud unlocks that matters. Igloo Cloud is designed to allow insurers to focus resources – people, time and money – away from administration and instead leverage models to more effectively understand and influence their business, improving performance and gaining competitive advantage.”

WTW says new tool requires no material installation tasks for IT teams, whilst modelling users can be up and running within minutes of the system becoming available and with very little need for training.

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