The RiskAgility Financial Modeller from WTW has picked up ALM solution of the year in InsuranceERM's UK & Europe 2025 awards.

It has been recognised for its continued innovation and the time and cost reductions it can offer firms. For example, a spokesperson for WTW says RiskAgility is at least 10x more scalable, up to 90% more efficient and 94% cheaper than traditional models.

RiskAgility allows clients to have clear ALM models that can be used both for seriatim deterministic calculations and sophisticated stochastic risk assessments.

"These can be easily maintained, are flexible enough to adapt to requirement changes, and understandable enough for auditors or new joiners to quickly get their head around the model," the spokesperson says.

While modelling the interaction between assets and liabilities has challenged actuaries for 30 years,

"RiskAgility FM instead treats ALM as a calculation challenge in itself," the WTW spokesperson comments.

WTW is planning to continue to invest heavily in RiskAgility, the spokesperson says. "We recognise the importance of the business drivers to using actuarial software – cost over speed, efficiency and automation wherever possible, governance and auditability to meet regulatory imperatives".

Upcoming developments include developments that focus on allowing clients to take advantage of new or improved technologies, build on new AI functionality and facilitate clients' management of platforms.